The 2015 Statement of Cash Flows of Dickens Corporation Shows

Multiple Choice

The 2015 statement of cash flows of Dickens Corporation shows $500,000 cash paid for dividends.If dividends in Dickens' statement of retained earnings are reported at $550,000 then:

A) Dickens' dividends payable account must amount to $50,000 at the end of 2015.
B) Dickens' Cash account must have increased by $50,000 in 2015.
C) Dickens' dividends payable account must have increased by $50,000 in 2015.
D) Dickens' dividends payable account must have decreased by $50,000 in 2015.