Your company declared $13,800 cash dividends on stock. There were $6,400 in dividends payable at the beginning of the vear and $2,800 at the end of the year. How much was paid in dividends during the year? %24

Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter14: Corporation Accounting
Section: Chapter Questions
Problem 21EA: James Corporation earned net income of $90,000 this year. The company began the year with 600 shares...
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Your company declared $13,800 cash dividends on stock. There were $6,400 in
dividends payable at the beginning of the vear and $2.800 at the end of the year. How
much was paid in dividends during the year?
Transcribed Image Text:Your company declared $13,800 cash dividends on stock. There were $6,400 in dividends payable at the beginning of the vear and $2.800 at the end of the year. How much was paid in dividends during the year?
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