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Question
The accountant for Crusoe 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 | $126,000 |
| Cash dividends declared for the year | $ 46,000 |
| Proceeds from the sale of equipment | $ 81,000 |
| Gain on the sale of equipment | $ 7,000 |
| Cash dividends payable at the beginning of the year | $ 18,000 |
| Cash dividends payable at the end of the year | $ 20,000 |
| Net income for the year | $ 92,000 |
The amount of cash dividends paid during the year would be:
A.$48,000.
B.$46,000.
C.$8,000.
D.$64,000.
E.$44,000.
Answer
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