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Bagwell's Net Income for the Year Ended December 31, Year

Question 52

Multiple Choice

Bagwell's net income for the year ended December 31, Year 2 was $175,000. Information from Bagwell's comparative balance sheets is given below. Compute the cash paid for dividends during Year 2. Bagwell's net income for the year ended December 31, Year 2 was $175,000. Information from Bagwell's comparative balance sheets is given below. Compute the cash paid for dividends during Year 2. A) $79,000. B) $201,000. C) $95,000. D) $50,000. E) $69,000.


A) $79,000.
B) $201,000.
C) $95,000.
D) $50,000.
E) $69,000.

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