Question: Dividends declared during the year were $ 5 2 , 0 0 0 . The dividends payable account increased by $ 4 , 0 0

Dividends declared during the year were $52,000. The dividends payable account increased by $4,000. Which of the following will appear in the financing activities section of the statement of cash flows?
a. Change in dividends payable, $4,000
b. Cash paid for dividends, $(56,000)
c. Cash paid for dividends, $(48,000)
d. Dividends declared, $(52,000)

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