Cash Dividends of $50,000 Were Declared During the Year

question 66

Multiple Choice

Cash dividends of $50,000 were declared during the year. Cash dividends payable were $10,000 and $5,000 at the beginning and end of the year, respectively. The amount of cash for the payment of dividends during the year is

• A) $55,000
• B) $50,000
• C) $65,000
• D) $60,000

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Definitions:

Atom

The fundamental unit of a chemical element, made up of a core of protons and neutrons, with electrons circling this core.

Elements

Pure substances consisting of only one type of atom, distinguished by their atomic number.

Simplest Form

The reduction of a fraction, equation, or expression to its most basic form, eliminating all complexities.

Compounds

Substances formed by the chemical combination of two or more elements in definite proportions.