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: 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?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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