Multiple Choice
In 2016, Dickens Company had a beginning balance in its Cash Dividend Payable account of $5,000 and an ending balance of $4,000.During 2016, the only dividends Dickens declared were $46,000 in cash to the common stockholders.How much cash was paid to the common stockholders?
A) $45,000
B) $47,000
C) $46,000
D) $1,000
Correct Answer:
Verified
Correct Answer:
Verified
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