A firm's dividends payable account increased $10,000 during the year. The firm also declared $35,000 of dividends.
Present the complete disclosure of these events in the direct format Statement of Cash Flows.

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The Answer of A firm's dividends payable account increased $10,000 during the year. The firm also declared $35,000 of dividends.
Present the complete disclosure of these events in the direct format Statement of Cash Flows.

A Firm's Dividends Payable Account Increased $10,000 During the Year