Cash dividends of $73,311 were declared during the year. Cash dividends payable were $10,619 at...

90.2K

Verified Solution

Question

Accounting

Cash dividends of $73,311 were declared during the year. Cash dividends payable were $10,619 at the beginning of the year and $13,296 at the end of the year. The amount of cash for the payment of dividends during the year is

a.$70,634

b.$86,607

c.$73,311

d.$62,692

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students