Marshland Company is preparing the company's statement of cash flows for the fiscal year just ended. The following information is available: $\begin{array} { l }
\text {Cash dividends declared for the year }&\$40,000 \
\text {Cash dividends payable at the beginning of the year }& 17,000\
\text { Cash dividends payable at the end of the year}&13,000 \
\end{array}$
The amount of cash paid for dividends was:
A) $ \$ 57,000 $
B) $ \$ 53,000 $.
C) $ \$ 36,000 $.
D) $ \$ 40,000 $.
E) $ \$ 44,000 $

Question

Marshland Company is preparing the company's statement of cash flows for the fiscal year just ended. The following information is available: $\begin{array} { l  }
 \text {Cash dividends declared for the year }&\$40,000 \
 \text {Cash dividends payable at the beginning of the year }& 17,000\
 \text { Cash dividends payable at the end of the year}&13,000 \
\end{array}$
The amount of cash paid for dividends was:
A) $ \$ 57,000 $
B) $ \$ 53,000 $.
C) $ \$ 36,000 $.
D) $ \$ 40,000 $.
E) $ \$ 44,000 $

Quizplus · Accepted Answer

The Answer of Marshland Company is preparing the company's statement of cash flows for the fiscal year just ended. The following information is available: $\begin{array} { l  }
 \text {Cash dividends declared for the year }&\$40,000 \
 \text {Cash dividends payable at the beginning of the year }& 17,000\
 \text { Cash dividends payable at the end of the year}&13,000 \
\end{array}$
The amount of cash paid for dividends was:
A) $ \$ 57,000 $
B) $ \$ 53,000 $.
C) $ \$ 36,000 $.
D) $ \$ 40,000 $.
E) $ \$ 44,000 $

Marshland Company Is Preparing the Company's Statement of Cash Flows