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What amount of cash was paid for dividends

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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

Reference no: EM132189496

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