Use the Following Information to Calculate Cash Received from Dividends

question 133

Multiple Choice

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

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

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