The accountant for Mandarin Company is preparing the company's statement of cash flows for the fiscal year just ended. The following information is available: What is the amount of cash dividends paid that should be reported in the financing section of the statement of cash flows?
A)$42,000.
B)$43,000.
C)$63,000.
D)$1,000.
E)$41,000.

Question

The accountant for Mandarin Company is preparing the company's statement of cash flows for the fiscal year just ended. The following information is available:  What is the amount of cash dividends paid that should be reported in the financing section of the statement of cash flows?
A)$42,000. 
B)$43,000. 
C)$63,000. 
D)$1,000. 
E)$41,000.

Quizplus · Accepted Answer

The Answer of The accountant for Mandarin Company is preparing the company's statement of cash flows for the fiscal year just ended. The following information is available:  What is the amount of cash dividends paid that should be reported in the financing section of the statement of cash flows?
A)$42,000. 
B)$43,000. 
C)$63,000. 
D)$1,000. 
E)$41,000.

The Accountant for Mandarin Company Is Preparing the Company's Statement