Use the following excerpts from Victrolia Company’s financial information. 2018 Income Statment Balance Sheets Sales $475,000 Cost of Goods Sold (221,500) Operating Expenses, other than Depreciation Expense (60,600) Depreciation Expense (21,000) Gain on Sale of Plant Assets 23,500 Net Income $195,400 Dec. 31,2018 Cash $347,450 Accounts Receivable 39,750 Inventory 33,000 Accounts Payable 17,550 Accured Liabilities 3,500 Dec. 31, 2017 Cash $133,500 Accounts Receivable 36,500 Inventory 35,000 Accounts Payable 19,550 Accured Liabilities 2,200 Additional Information: Plant assets were sold for $45,000; book value $16,500 Dividends of $22,000 were declared and paid Cash Flow from Financing Activities: $Dividends Paid I just need the answer on dividends answer box?
Use the following excerpts from Victrolia Company’s financial information. 2018 Income Statment Balance Sheets Sales $475,000 Cost of Goods Sold (221,500) Operating Expenses, other than Depreciation Expense (60,600) Depreciation Expense (21,000) Gain on Sale of Plant Assets 23,500 Net Income $195,400 Dec. 31,2018 Cash $347,450 Accounts Receivable 39,750 Inventory 33,000 Accounts Payable 17,550 Accured Liabilities 3,500 Dec. 31, 2017 Cash $133,500 Accounts Receivable 36,500 Inventory 35,000 Accounts Payable 19,550 Accured Liabilities 2,200 Additional Information: Plant assets were sold for $45,000; book value $16,500 Dividends of $22,000 were declared and paid Cash Flow from Financing Activities: $Dividends Paid I just need the answer on dividends answer box?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Use the following excerpts from Victrolia Company’s financial information.
| 2018 Income Statment | |||
| Sales | $475,000 | ||
| Cost of Goods Sold | (221,500) | ||
| Operating Expenses, other than |
(60,600) | ||
| Depreciation Expense | (21,000) | ||
| Gain on Sale of Plant Assets | 23,500 | ||
| Net Income | $195,400 | ||
| Dec. 31,2018 | |||
| Cash | $347,450 | ||
| 39,750 | |||
| Inventory | 33,000 | ||
| Accounts Payable | 17,550 | ||
| Accured Liabilities | 3,500 | ||
| Dec. 31, 2017 | |||
| Cash | $133,500 | ||
| Accounts Receivable | 36,500 | ||
| Inventory | 35,000 | ||
| Accounts Payable | 19,550 | ||
| Accured Liabilities | 2,200 | ||
| Additional Information: | |||
| Plant assets were sold for $45,000; book value $16,500 | |||
| Dividends of $22,000 were declared and paid |
|
|
||
|
|
$Dividends Paid | |
I just need the answer on dividends answer box?
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