The balance sheet for Blineberry Corporation follows: Operating income for the period was $18,000, while cash dividends paid were $17,400. The overall total of the uses of cash for Blineberry Corporation for the year was

Question

The balance sheet for Blineberry Corporation follows:  Operating income for the period was $18,000, while cash dividends paid were $17,400. The overall total of the uses of cash for Blineberry Corporation for the year was

Quizplus · Accepted Answer

The overall total of the uses of cash can be calculated as follows:
Uses of cash = Operating income - Cash dividends paid
= $18,000 - $17,400
= $600
However, this only represents the change in cash for the period, not the overall total of uses of cash for the year. To determine this, we would need additional information such as the beginning and ending cash balances for the year. Therefore, we cannot determine the overall total of the uses of cash with the information provided in the question. However, of the given choices, option D is the closest to the calculated change in cash for the period.

The Balance Sheet for Blineberry Corporation Follows: Operating Income