Cash dividends of $50,000 were declared during the year. cash dividends payable were $10,000 and $5,000 at the beginning and end of the year, respectively. the amount of cash for the payment of dividends during the year is

The amount of cash for the payment of dividends during the year can be calculated using the following formula:

Amount of Cash Dividend Paid = Begining Cash Dividends Payable + Cash Dividends declared - Ending Cash Dividends Payable

We are given the following information:

Begining Cash Dividends Payable = $10,000

Cash Dividends declared = $50,000

Ending Cash Dividends Payable =$5,000

Hence, Amount of Cash Dividend Paid = 10000+50000-5000 = $55,000

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