Accounting back, support please?
Can you help amount this problem outCash dividends of $80,000 were declared during the year. Cash dividends payable be $10,000 and $15,000 at the beginning and running out of the year, respectively. The amount of cash for the wage of dividends during the year is _______. (Points: 4)
$85,000
$80,000
$95,000
$75,000
Thanks for the help
Answers: Beginning dividends payable 10,000
append Dividend declared 80,000
less Dividend salaried (?)
= Ending dividends payable 15,000
From this you can work out the dividend paid within cash be $75,000
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