A firms dividends payable account increased

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Reference no: EM13847241

A firm's dividends payable account increased $10,000 during the year. The firm also declared $35,000 of dividends. What is the complete disclosure in the direct method SCF for these events?

$45,000 financing cash outflow

$25,000 financing cash outflow

$35,000 financing cash outflow

Reference no: EM13847241

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