Skip to main content
Financial Accounting Final - Part 2 of 4!
SAMPLE
This is a sample practice set. In order to have a more personalized exam prep experience:
or
13. Statement of Cash Flows / Financing Activities / Problem 24
Problem 24

A company has a beginning retained earnings balance of \$200,000, net income of \$50,000, and an ending retained earnings balance of \$220,000. If dividends payable increased by \$5,000 during the year, what is the cash payment of dividends?