Question 13 The board of directors of Cullumber Corp. declared cash dividends of $260,000 during the...
Question 13 The board of directors of Cullumber Corp. declared cash dividends of $260,000 during the current year. If dividends payable was $95,000 at the beginning of the year and $95,000 at the end of the year, how much cash was paid in dividends during the year?
Cash paid in dividends $
Homework Answers
>> Cash paid in dividend = Opening dividend payable + Declared cash dividend - Ending dividend payable.
>> Cash paid in dividend = $ 95,000 + $ 260,000 - $ 95,000.
>> Cash paid in dividend = $ 260,000.
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