Question: Dividends declared during the year were $ 4 6 , 0 0 0 . The dividends payable account increased by $ 7 , 0 0

Dividends declared during the year were $46,000. The dividends payable account increased by $7,000. Which of the following will appear in the financing activities section of the statement of cash flows?
a. Cash paid for dividends, $(39,000)
b. Cash paid for dividends, $(53,000)
c. Change in dividends payable, $7,000
d. Dividends declared, $(46,000)

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