rour company declared $13,800 cash dividends on stock. There were $6,400 in dividends payable at the beginning of the year and $2,800 at the end of the year. How much was paid in dividends during the year?

rour company declared $13,800 cash dividends on stock. There were $6,400 in dividends payable at the beginning of the year and $2,800 at the end of the year. How much was paid in dividends during the year?

Economics Today and Tomorrow, Student Edition

1st Edition

ISBN:9780078747663

Author:McGraw-Hill

Publisher:McGraw-Hill

Chapter8: Business Organizations

Section8.3: The Corporate World And Franschises

Problem 1R

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Your company declared $13,800 cash dividends on stock. There were $6,400 in
dividends payable at the beginning of the year and $2,800 at the end of the year. How
much was paid in dividends during the year?

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