Cash dividends of $83,126 were declared during the year. Cash dividends payable were $9,151 at the beginning of the year and $15,635 at the end of the year. The amount of cash for the payment of dividends during the year is a.$92,277 b.$76,642 c.$83,126 d.$107,912

option (b) $76,642

Explanation:

Data provided in the question:

Cash dividends declared = $83,126

Cash dividends payable at the beginning of the year = $9,151

Cash dividends payable at the end of the year = $15,635

Now,

Cash payment of dividends

= Cash dividends declared + Beginning cash dividends payable - Ending cash dividends payable

= $83,126 + $9,151 - $15,635

= $76,642

Hence,

the answer is option (b) $76,642