Use the following information to calculate cash received from dividends: Dividends revenue$30,300Dividends receivable, January 1 2,700Dividends receivable, December 31 3,600 This is an interactive multiple-choice question, often used in quizzes or surveys to gather responses. Each option is a selectable radio button followed by a monetary amount. Here are the available choices:- $31,200- $26,700- $30,300- $33,000- $29,400To respond, users must select one of these options by clicking the corresponding radio button. No graphs or diagrams are present in this image. To calculate cash received from dividends, use the following information:- Dividends revenue: $30,300- Dividends receivable, January 1: $2,700- Dividends receivable, December 31: $3,600These figures help determine the actual cash flow related to dividends within a specific period. The cash received from dividends can be calculated by adjusting the dividends revenue with the changes in dividends receivable over the year.

Cash received from dividends = Opening dividends receivable + Dividends revenue - Closing dividends…

Answered: Use the following information to…

Use the following information to calculate cash received from dividends: Dividends revenue $30,300 Dividends receivable, January 1 Dividends receivable, December 31 2,700 3,600

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Related questions

Q: Please calculate by how much the cash balance of your company goes up or down based on the following…

A: A cash flow statement is a statement prepared by a firm in order to estimate the net cash flow made…

Q: Complete the statement of sources and uses of cash from the following entries

A: Cash Flow Statement: It is the financial statement that shows the ability of the business to manage…

Q: Compute cash flows from financing activities using the following company information. Cash received…

A: Cash flow statement is a financial statement that provides data about all cash inflows a company…

Q: Use the following information to calculate cash received from dividends: Dividends revenue Dividends…

A: To determine the cash received from dividends, we need to consider the dividends revenue reported…

Q: Use the following information to calculate cash received from dividends: Dividends revenue $ 30,300…

A: Formula: Cash received from dividends = January 01 dividends receivable + Dividends revenue -…

Q: Down Company Manufacturing has the following select financial data as of Dec 31. Cash $20,000 Cash…

A: Cash ratio is computed as = (Cash + cash equivalent) / Current liabilities

Q: Cash and accounts receivable for Adams Company are as follows: Cash Current Year Prior Year $67,203…

A: The horizontal analysis is performed to compare the amount of different accounts for different…

Q: Harding Corporation reports the following information: Net income $450,000 Depreciation expense…

A: Answer

Q: You are given the following information. Revenue Current liabilities Days sales in receivable…

A: Here, To Find: Cash amount =?

Q: Given the following information, compute the current ratio Cash $ 120,000 Accounts receivable…

A: Current Ratio - Current Ratio indicates organization liquidity to repay its short-term obligation.…

Q: The following T-account is a summary of the Cash account of Sheridan Company. Cash (Summary Form)…

A: Cash Flows Statement Indicates The Cash Inflows And Outflows Information For a Particular Time…

Q: Computing the cash ratio Smythe Banners reported the Following figures in its financial statements:…

A: Cash ratio = Cash and cash equivalents / Total current liabilities

Q: Complete the balance sheet and sales information using the following financial data:…

A: Computation:

Q: information to calculate cash venue ceivable, January 1 ceivable, December 31

A: Cash received from dividends = Dividends receivable, January 1+ Dividends revenue - Dividends…

Q: Complete the statement of sources and uses of cash from the following entries: Net income $ 2,100…

A: Step 1:Classification of sources or uses of cash: Dividends: Use of cash because cash paid for…

Q: ccClassify each cash transaction between Operating (O), Investing (I), or Financing (F) activities…

A: A cash flow financial statement that outlines a company's cash inflows from ongoing operations and…

Q: prepare a statement of cash flow using indirect method

A: Cash flows statement is one of the financial statement being prepared in business. It shows all cash…

Q: Refer the following table. Cash Tia's Trampolines Inc. Comparative Balance Sheet Information…

A: profitability ratios for Tia's Trampolines Inc. for 2023:Profit margin = (Profit / Net Sales) *…

Q: Ratio of Cash to Monthly Cash Expenses Financial data for Abrams Company follow: For Year Ending…

A: Monthly Cash expense= Cash flow from operation/ 12months = $ 79200/12 = $ 6600 per month

Q: Income statement?

A: Income statement is one of the financial statement of the business, which shows all incomes and all…

Q: 10. What is the net income under cash basis?

A: Cash basis of accounting is that accounting system under which only cash received are treated as…

Q: Use the following information to calculate cash received from dividend Dividends revenue Dividends…

A: Beginning dividends receivable = $3,000 Ending dividends receivable = $4,200 Ending dividends…

Q: Cash and accounts receivable for Adams Company are as follows: Current Year Prior Year Cash…

A: Horizontal analysis is used for evaluating the financial performance of the financial statements of…

Q: construct the following financial statements on each sheets provided- income statement statement of…

A: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question and…

Q: Use the following information to calculate cash received from dividends: Dividends revenue Dividends…

A: Answer:- Dividend meaning:- A dividend is a gift that a business gives to its shareholders, whether…

Q: Category. Prior Year Current Yea Accounts payable 3,136.00 5,904.00 Accounts receivable 6,838.00…

A: Cash flow from investing activities repersent cash associated with purchase and sale of fixed…

Q: Sunflower Hotel Profit and Loss Statement For the year ended 31 December 2021 31/12/2021 HKS HKS…

A: Cash Flow Statement - Cash Flow Statement is the statement that shows the cash inflow and outflow of…

Q: Income tac was $300,409 for the year. Income tac payable was $28,102 and $42,997 at the beginning…

A: Income tax: Tax paid on income earned in a period is called income tax. Income tax is an expense for…

Q: The Cash and Accounts Receivable end-of-year balances for a company are provided below. Current…

A: Comparative balance sheet used to compare the financial statement of two or more periods. It is…

Q: The following items are reported on a company's balance sheet: Cash $232,800 Marketable securities…

A: Ratio analysis is a financial analysis technique that involves examining the relationships between…

Q: Based on the following data, determine the total assets, total liabilities, net worth, total cash…

A: The total assets of a company consist of the current assets and fixed assets. Total Assets = Fixed…

Q: If cash is $5450, accounts receivable is $10059,notes payable is $5285, common stock is $1161 how…

A: Retained earnings is the amount which is retained or kept by the entity out of the net profits…

Q: Prepare an amortization table. Prepare all journal entries to record the transactions from January…

A: Year Opening balance Installment Interest Total Cash flow Closing balance 2020 60,00,000…

Q: ange 18 Dec. 15: Declared total cash dividends of $50,000. Date Dec. 15 Accounts and Explanation…

A: DateAccountDrCrDec. 15Retained Earnings$50,000 Dividend payable $50,000 (To record dividend…

Q: The following summary transactions occurred during the year for Marigold. Cash received from:…

A: Cash flows from investing activities means the amount of cash inflows and outflows made from the…

Question

Use the following information to calculate cash received from dividends:


Dividends revenue	$	30,300
Dividends receivable, January 1		2,700
Dividends receivable, December 31		3,600

This is an interactive multiple-choice question, often used in quizzes or surveys to gather responses. Each option is a selectable radio button followed by a monetary amount. Here are the available choices:

- $31,200
- $26,700
- $30,300
- $33,000
- $29,400

To respond, users must select one of these options by clicking the corresponding radio button. No graphs or diagrams are present in this image.

To calculate cash received from dividends, use the following information:

- Dividends revenue: $30,300
- Dividends receivable, January 1: $2,700
- Dividends receivable, December 31: $3,600

These figures help determine the actual cash flow related to dividends within a specific period. The cash received from dividends can be calculated by adjusting the dividends revenue with the changes in dividends receivable over the year.

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

This is a popular solution!

SEE SOLUTION Check out a sample Q&A here

Step 1 : Formula used

VIEW

Step 2 : Calculation of amount of cash received from dividends :

VIEW

Trending now

This is a popular solution!

Step by step

Solved in 2 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.

Similar questions

The following items appeared on the financial statements of Washington Company. Line Item Description Amount Accounts receivable, January 1 $13,084 Accounts receivable, December 31 6,949 Accounts payable, January 1 5,909 Accounts payable, December 31 9,591 Inventory, January 1 8,120 Inventory, December 31 16,988 Sales 64,741 Cost of goods sold 32,521 Washington Company uses the direct method to report cash flows from (used for) operating activities. Assume that all accounts payable are owed to merchandise suppliers Cash received from customers during the year is
The Cash and Accounts Receivable end-of-year balances for a company are provided below. Current Year Prior Year Cash $45,537 $35,300 Accounts receivable (net) 35,900 71,800 Based on this information, what is the amount and percentage of increase or decrease that would be shown with horizontal analysis? Enter a decrease using a minus sign before the amount and the percentage. Account Dollar Change Percent Change Cash $fill in the blank 1 fill in the blank 2 % Accounts Receivable $fill in the blank 4 fill in the blank 5 % increase,decrease
Vishu
The following items are reported on a company's balance sheet: Cash $161,300 Marketable securities 126,000 Accounts receivable (net) 72,700 Inventory 144,000 Accounts payable 360,000 Determine (a) the current ratio and (b) the quick ratio. Round to one decimal place. a. Current ratio fill in the blank 1 b. Quick ratio fill in the blank 2
Lino Company’s worksheet for the preparation of its 20X1 statement of cash flows included the following information: Dec31 Jan 1 Accounts receivable 29,000 $ 23,000 Allowance for uncollectible accounts 1,000 800 Prepaid rent expense 8,200 12,400 Accounts payable 22,400 19,400 Lino’s 20X1 net income is $150,000. Required: What amount should Lino include as net cash that is provided by operating activities in the statement of cash flows?
Use the following information to calculate cash received from dividends: Dividends revenue $ 71,500 6,000 Dividends receivable, January 1 Dividends receivable, December 31 4,700 Multiple Choice O O O $71,500. $70,200. $72,800. $77,500. $66,800.
prepare a balance sheet and income statement from the following information: Cash $625.00 Revenue $21,000.00 Note Payable $5,000.00 Retained Earnings $10,600.00 Expenses $7,000.00 Issued Capital Stock $500.00 Accounts Receivable $2,500.00 Inventory $6,900.00 Accounts Payable $1,000.00 Cost of Goods Sold $10,500.00 Accrued Sales Tax $1,425.00 Prepaid Insurance $12,000.00 Plz answer fast without plagiarism i give up vote
Compute cash flow
atio of Cash to Monthly Cash Expenses Financial data for Abrams Company follow: For Year EndedDecember 31 Cash on December 31 $54,270 Cash flow from operations (97,200) a. Compute the ratio of cash to monthly cash expenses. Round your answer to one decimal place.fill in the blank 1 months b. Interpret the results computed in (a).
The following items appeared on the financial statements of Washington Company. Line Item Description Amount Accounts receivable, January 1 $13,395 Accounts receivable, December 31 6,901 Accounts payable, January 1 5,645 Accounts payable, December 31 8,721 Inventory, January 1 6,686 Inventory, December 31 16,260 Sales 73,071 Cost of goods sold 34,443 Washington Company uses the direct method to report cash flows from (used for) operating activities. Assume that all accounts payable are owed to merchandise suppliers. Cash payments for merchandise were