Fernwood Company is preparing the company's statement of cash flows for the fiscal year just...
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Fernwood Company is preparing the company's statement of cash flows for the fiscal year just ended. The following information is available: Retained earnings balance at the beginning of the year Cash dividends declared for the year Proceeds from the sale of equipment Gain on the sale of equipment Cash dividends payable at the beginning of the year Cash dividends payable at the end of the year Net income for the year $333,000 75,000 129,000 7,500 33,000 40,000 165,000 The amount of cash paid for dividends was: Multiple Choice 0 $92,000 0 $75,000. 0 $68.000 0 $73.000. 0 $90,000. Based on a predicted level of production and sales of 29,000 units, a company anticipates total variable costs of $113,100, fixed costs of $29,000, and operating income of $203.580. Based on this information, the budgeted amount of fixed costs for 26.000 units would be: Multiple Choice O $101.400 $113.100 $29,000. $159.400. $232580
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