30. Assume Hanlein Corporation declared and paid all cash dividends in 2013, determine the cash dividends paid to its stockholders in 2013. A. $68,400 B. $97,800 C. $127,200 D. it cannot be determined without knowing the dividend rate. 31. Assume Hanlein Corporation uses the direct method for preparing the Statement of Cash Flows, determine the cash paid for income taxes in 2013. A. $68,000 B. $80,500 C. $55,500 D. it cannot e determined without knowing the income tax rate.

30. Assume Hanlein Corporation declared and paid all cash dividends in 2013, determine the cash dividends paid to its stockholders in 2013. A. $68,400 B. $97,800 C. $127,200 D. it cannot be determined without knowing the dividend rate. 31. Assume Hanlein Corporation uses the direct method for preparing the Statement of Cash Flows, determine the cash paid for income taxes in 2013. A. $68,000 B. $80,500 C. $55,500 D. it cannot e determined without knowing the income tax rate.

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter21: The Statement Of Cash Flows

Section: Chapter Questions

Problem 7GI

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