Explore BrainMass

Explore BrainMass

    Cash dividends

    Not what you're looking for? Search our solutions OR ask your own Custom question.

    This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

    $30,000 cash dividends, cash dividends payable was $8,000 and $12,000 at beginning and end of the year. What is the amount of cash for the payment of dividends during the year?

    © BrainMass Inc. brainmass.com October 5, 2022, 1:36 am ad1c9bdddf
    https://brainmass.com/business/cash-management/cash-dividends-amounts-180803

    SOLUTION This solution is FREE courtesy of BrainMass!

    Beginning cash dividend payable + cash dividends to be paid during the year - ending cash dividends payable = cash dividends paid during the year
    thus cash dividends piad= $8,000 + $30,000 - $ 12,000 = $26,000

    Answer: $26,000

    This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

    © BrainMass Inc. brainmass.com October 5, 2022, 1:36 am ad1c9bdddf>
    https://brainmass.com/business/cash-management/cash-dividends-amounts-180803

    ADVERTISEMENT