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Dividends of $100 000 Were Declared During the Year,and the Balances

question 15

Multiple Choice

Dividends of $100 000 were declared during the year,and the balances in the dividends payable account at the beginning and end of the year were $15 000 and $25 000 respectively.What amount would be reported as payment of dividends in the cash flows from the financing activities section of the statement of cash flows?


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