The Following Information Is Taken from the Financial Statements of Cyrus

question 49

Multiple Choice

The following information is taken from the financial statements of Cyrus Ltd for the year ended 30 June 2016.
-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?

• A) $90 000
• B) $25 000
• C) $100 000
• D) $110 000

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