Dividends declared during the year were $54,000. The dividends payable account decreased by $8,000. Which of the following will appear in the Financing Activities section of the statement of cash flows?
A. Cash paid for dividends, $(62,000)
B. Cash paid for dividends, $(46,000)
C. Change in dividends payable, $(8,000)
D. Dividends declared, $(54,000)
A. Cash paid for dividends, $(62,000)