Companys statement of cash flows for the fiscal year

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Reference no: EM131262257

The accountant for Crusoe Company is preparing the company's statement of cash flows for the fiscal year just ended. The following information is available: Retained earnings balance at the beginning of the year $ 129,000 Cash dividends declared for the year 49,000 Proceeds from the sale of equipment 84,000 Gain on the sale of equipment 7,600 Cash dividends payable at the beginning of the year 21,000 Cash dividends payable at the end of the year 23,600 Net income for the year 95,000 The amount of cash dividends paid during the year would be:

Reference no: EM131262257

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