Melanie Corporation declared cash dividends of $12,000 during the current year. The beginning and ending...
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Accounting
Melanie Corporation declared cash dividends of $12,000 during the current year. The beginning and ending balances in dividends payable were $300 and $500, respectively. What was the amount of cash paid for dividends? $11,500. $11,800. $11,200. $12,200
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