Ask Question
1 August, 10:23

Cash dividends of $83,126 were declared during the year. Cash dividends payable were $9,151 at the beginning of the year and $15,635 at the end of the year. The amount of cash for the payment of dividends during the year is a.$92,277 b.$76,642 c.$83,126 d.$107,912

+1
Answers (1)
  1. 1 August, 11:22
    0
    option (b) $76,642

    Explanation:

    Data provided in the question:

    Cash dividends declared = $83,126

    Cash dividends payable at the beginning of the year = $9,151

    Cash dividends payable at the end of the year = $15,635

    Now,

    Cash payment of dividends

    = Cash dividends declared + Beginning cash dividends payable - Ending cash dividends payable

    = $83,126 + $9,151 - $15,635

    = $76,642

    Hence,

    the answer is option (b) $76,642
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Cash dividends of $83,126 were declared during the year. Cash dividends payable were $9,151 at the beginning of the year and $15,635 at the ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers