The accountant for Walter 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$127,000?Cash dividends declared for the year 47,000?Proceeds from the sale of equipment 82,000?Gain on the sale of equipment 7200?Cash dividends payable at the beginning of the year 19,000?Cash dividends payable at the end of the year 21,200?Net income for the year 93,000?The amount of cash dividends paid during the year would be:
A. $278,000.
B. $44,800.
C. $176,000.
D. $250,000.
E. $255,800.
Answer: B
You might also like to view...
The tendency to remember recent information better than earlier information is called
A. the recency effect. B. a self-serving bias. C. the fundamental attribution bias. D. selective perception. E. stereotyping.
Which of the following is a criticism of the adversarial system of litigation in the United States?
A) The lack of a neutral factfinder such as a judge or a jury. B) Arguments are only allowed from the defendant's side. C) Heavy dependency on the skills of the representing attorney. D) Only evidence produced by the plaintiff is permissible.
In the sentence Twitter, along with LinkedIn, remains a popular networking site for business professionals, the simple subject is ______
A) Twitter B) LinkedIn C) site D) ?professionals
What is the viewing of the physical world with computer-generated layers of information added to it?
A. Augmented reality B. Haptic interface C. Virtual reality D. Google Glass