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If Cash Dividends of $145,000 Were Declared During the Year

question 74

True/False

If cash dividends of $145,000 were declared during the year and the decrease in dividends payable from the beginning to the end of the year was $7,000, the statement of cash flows would report $152,000 in the financing activities section.

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Definitions:

Unadjusted Trial Balance

A preliminary report that lists all account balances within the company's ledger before adjustments are made for the preparation of final financial statements.

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