$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
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© BrainMass Inc. brainmass.com October 5, 2022, 1:36 am ad1c9bdddf>