Homework Answers
Cash dividend paid during 2018 = Retained earnings, beginning + Net income - Retained earnings, ending
= 49,000 + 84,000 - 74,000
= $59,000
Hence, cash dividends paid during 2018 amounted to $59,000
Correct option is (D)
Other information given in the question is irrelevant for the calculation of cash dividend paid during 2018.
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