The accountant for Sysco Company is preparing the company's statement of cash flows for the fiscal year just ended. The following information is available: Retained earnings balance at the beginning of the year $ 959,000 Net income for the year 300,000 Cash dividends declared for the year 56,000 Retained earnings balance at the end of the year 1,427,000 Cash dividends payable at the beginning of the year 12,800 Cash dividends payable at the end of the year 15,200 What is the amount of cash dividends paid that should be reported in the financing section of the statement of cash flows

My day has gone pretty good so far, you for asking.

Secured loans are protected by collateral security. examples: title loans where the borrower uses the car title as collateral security interest rates are lower and repayments are longer therefore risk is low as a collateral security is given as guarantee to the bank in case of failure to pay the loanunsecured loans are not protected by collateral security but it is given on the creditworthiness of the borrower, trusting that she/he will pay on time. examples; payday loans is a short term loan where the borrower lends money from the bank and pays is back when the borrower receives his/her wages.interest rates are high and repayments are shorter. but the risk is high as no collateral security is given as a guarantee to the bank for payment of the loan

What are the options?

The answer is b i think