Bagwell's net income for the year ended December 31, Year 2 was $175,000. Information from Bagwell's comparative balance sheets is given below. Compute the cash paid for dividends during Year 2.
A)$79,000.
B)$201,000.
C)$95,000.
D)$50,000.
E)$69,000.

Question

Bagwell's net income for the year ended December 31, Year 2 was $175,000. Information from Bagwell's comparative balance sheets is given below. Compute the cash paid for dividends during Year 2. 
A)$79,000. 
B)$201,000. 
C)$95,000. 
D)$50,000. 
E)$69,000.

Quizplus · Accepted Answer

The Answer of Bagwell's net income for the year ended December 31, Year 2 was $175,000. Information from Bagwell's comparative balance sheets is given below. Compute the cash paid for dividends during Year 2. 
A)$79,000. 
B)$201,000. 
C)$95,000. 
D)$50,000. 
E)$69,000.

Bagwell's Net Income for the Year Ended December 31, Year