Disclosure of consolidated dividendsOn December 31, 2011, the separate-company financial s...

Disclosure of consolidated dividends

On December 31, 2011, the separate-company financial statements for Pan Corporation and its 70 percent-owned subsidiary, Sad Corporation, had the following account balances related to dividends (in thousands):

REQUIRED

1. At what amount will dividends be shown in the consolidated retained earnings statement?

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2. At what amount should dividends payable be shown in the consolidated balance sheet?