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Question - The following information is available for Cyrus Corp. What amount of cash was paid for dividends during 2018?
2018 2017
Net Income $84,000 $84,500
Cash & Cash Equivalents 13,600 12,200
Common Stock 90,000 70,000
Retained Earnings 74,000 49,000
a) $109,500
b) $109,000
c) $59,500
d) $59,000
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