Barclays Company is preparing the company's statement of cash flows for the fiscal year just ended. The following information is available: Retained earnings balance at the beginning of the year Cash dividends declared for the year Proceeds from the sale of equipment Gain on the sale of equipment Cash dividends payable at the beginning of the year Cash dividends payable at the end of the year Net income for the year The amount of cash paid for dividends was: Multiple Choice $58,750 $ 268,eee 58,750 100,400 5,550 25,850 33,500 129,250

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Barclays Company is preparing the company's statement of cash flows for the fiscal year just ended. The following information is available:
Retained earnings balance at the beginning of the year
Cash dividends declared for the year
Proceeds from the sale of equipment
Gain on the sale of equipment
Cash dividends payable at the beginning of the year
Cash dividends payable at the end of the year
Net income for the year
The amount of cash paid for dividends was:
Multiple Choice
$58,750
$69,900.
$ 268,000
58,750
100,400
5,550
25,850
33,500
129,250.
Transcribed Image Text:Barclays Company is preparing the company's statement of cash flows for the fiscal year just ended. The following information is available: Retained earnings balance at the beginning of the year Cash dividends declared for the year Proceeds from the sale of equipment Gain on the sale of equipment Cash dividends payable at the beginning of the year Cash dividends payable at the end of the year Net income for the year The amount of cash paid for dividends was: Multiple Choice $58,750 $69,900. $ 268,000 58,750 100,400 5,550 25,850 33,500 129,250.
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