The accountant for Sysco Company is preparing the company's statement of cash flows for the fiscal year just ended. The followinginformation is available:Net income for the yearCash dividends declared for the yearCash dividends payable at the beginning of the yearCash dividends payable at the end of the year325,00061,00013,80016,700What is the amount of cash dividends paid that should be reported in the financing section of the statement of cash flows?Multiple Choice$61000$63,900

Step 1:13,800+61,000−16,700Step 2:Step 3: Step 4:

Answered: The accountant for Sysco Company is…

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter15: Statement Of Cash Flows

Section: Chapter Questions

Problem 22E

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Similar questions

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CASH DIVIDENDS AND INCOME TAXES During the year ended December 31, 20-2, Tatu Company completed the following selected transactions: REQUIRED Prepare journal entries for the transactions.
Tifton Co. had the following cash transactions during the current year: Refer to the information in RE21-6. Prepare the financing activities section of Tifton Co.s statement of cash flows.
The accountant for Sysco Company is preparing the company's statement of cash flows for the fiscal year just ended. The following information is available: Net income for the year 285,000 Cash dividends declared for the year 53,000 Cash dividends payable at the beginning of the year 12, 200 Cash dividends payable at the end of the year 14, 300 What is the amount of cash dividends paid that should be reported in the financing section of the statement of cash flows?
The accountant for Sysco Company is preparing the company's statement of cash flows for the fiscal year just ended. The following information is available: Retained earnings balance at the beginning of the year $ 989,000 Net income for the year 315,000 Cash dividends declared for the year 59,000 Retained earnings balance at the end of the year 1,517,000 Cash dividends payable at the beginning of the year 13,400 Cash dividends payable at the end of the year 16,100 What is the amount of cash dividends paid that should be reported in the financing section of the statement of cash flows?
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Avalos Corporation is preparing its annual financial statements at December 31 of the current year. Listed here are the items on its statement of cash flows presented in alphabetical order. Parentheses indicate that a listed amount should be subtracted on the cash flow statement. The beginning balance in cash was $33,000 and the ending balance was $65,300.
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Citi Company is preparing the company's statement of cash flows for the fiscal year just ended. The following information is available: Cash dividends declared for the year Cash dividends payable at the beginning of the year Cash dividends payable at the end of the year The amount of cash paid for dividends was: Multiple Choice O $40,000. O $57,000. O $44,000. O $53,000. $36,000. $ 40,000 17,000 13,000
Barclays Company is preparing the company's statement of cash flows for the fiscal year just ended. The following information is available: Retained earnings balance at the beginning of the year $ 328,000 Cash dividends declared for the year 73,750 Proceeds from the sale of equipment 126,800 Gain on the sale of equipment 7,350 Cash dividends payable at the beginning of the year 32,450 Cash dividends payable at the end of the year 39,500 Net income for the year 162,250 The amount of cash paid for dividends was:

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