Question

Chapter 13-ACCT 1

ngageNOWV2 Online te CengageNOWV2 Onlinx CengageNOW2 Online te L another word for cash in- enow.com/ilm/takeAssignment/take Assignment Main.do?inprogress true eBook Show Me How Calculator Determining Cash Payments to Stockholders The board of directors declared cash dividends totaling $190,700 during the current year. The comparative balance sheet indicates dividends payable of $45,800 at the beginning of the year and $41,200 at the end of the year. What was the amount of cash payments to stockholders during the year? Previous Check My Work Email Instructor Save and Exit Submit Assignment for Grad All work saved ING

Answer 1

DATE Anouera Cash dividend Declared = $190,700 Dividends (start Dividend payable (End of year) $41,200 payables of year) = $45, 800 Dividends payable Als 195 300 By balance bld 45800 To cash Alc (balancing foure) 1 gotoo By PAL Appropriation are (Declared Dividend) To balance dd 41,200 236,500 236,500 Hence the art of cash dividends paid = $ 195,300 Ansuer $ 195,300 Scanned with Cam Seather