Homework Answers
19. D . the declaration date
Reason: The dividend becomes a liability to be paid as when the board declares the dividend to the stockholders.
20.
| Cash inflows | |
|
September collections [20,000*70%] |
14,000 |
| October
collections [18000*30%] |
5400 |
| Less:
Purchases [18000*50%] |
9000 |
| 10,400 |
Correct option is C. 10400
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