Citi Company is preparing the company's statement of cash flows for the fiscal year just ended. The following information Cash dividends declared for the year Cash dividends payable at the beginning of the year Cash dividends payable at the end of the year The amount of cash paid for dividends was: Multiple Choice O $40,000. O $57,000. O $44,000. O $53,000. O $36,000. $ 40,000 17,000 13,000

Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter11: The Statement Of Cash Flows
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Citi Company is preparing the company's statement of cash flows for the fiscal year just ended. The following information is available:
Cash dividends declared for the year
Cash dividends payable at the beginning of the year
Cash dividends payable at the end of the year
The amount of cash paid for dividends was:
Multiple Choice
O $40,000.
O $57,000.
O $44,000.
O $53,000.
$36,000.
$ 40,000
17,000
13,000
Transcribed Image Text:Citi Company is preparing the company's statement of cash flows for the fiscal year just ended. The following information is available: Cash dividends declared for the year Cash dividends payable at the beginning of the year Cash dividends payable at the end of the year The amount of cash paid for dividends was: Multiple Choice O $40,000. O $57,000. O $44,000. O $53,000. $36,000. $ 40,000 17,000 13,000
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