Welcome to Westonci.ca, where finding answers to your questions is made simple by our community of experts. Discover in-depth answers to your questions from a wide network of professionals on our user-friendly Q&A platform. Experience the convenience of finding accurate answers to your questions from knowledgeable experts on our platform.
Sagot :
The amount of cash for the payment of dividends during the year is $80,000
What is the cash amount paid as dividends in the year?
The task at hand is to determine the amount of actual cash paid to shareholders as dividends in the year under review, which takes into consideration the amount of cash dividends declared in the year, the amount of dividends outstanding at the beginning of the year as well as the amount as at the end of the year.
$10,000 was unpaid at the beginning of the year, when declared during the year, which is $85,000 is added to it, we have $95,000 which the shareholders are expecting from the company.
The fact that at the end of the year, only $15,000 is unpaid means that out of the $95,000, $80,000 has been paid leaving us with an unpaid balance of just $15,000
cash dividends paid=beginning unpaid+ declared amount-amount unpaid at the end of the year
cash dividends paid=$10,000+$85,000-$15,000
cash dividends paid=$80,000
Find out more on cash dividends on:https://brainly.com/question/20374943
#SPJ1
Thanks for using our platform. We're always here to provide accurate and up-to-date answers to all your queries. We hope you found this helpful. Feel free to come back anytime for more accurate answers and updated information. Your questions are important to us at Westonci.ca. Visit again for expert answers and reliable information.
