Use the Following Information to Calculate Cash Received from Dividends

question 120

Multiple Choice

Use the following information to calculate cash received from dividends: $\begin{array}{|l|r|}\hline \text { Dividends revenue } & \$ 29,800 \\\hline \text { Dividends receivable, January 1 } & 2,600 \\\hline \text { Dividends receivable, December } 31 & 3,400 \\\hline\end{array}$

• A)$26,400
• B)$29,000
• C)$29,800
• D)$30,600
• E)$32,400

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