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

Similar questions

Effect of Transactions on Cash Flows State the effect (cash receipt or payment and amount) of each of the following transactions, considered individually, on cash flows: a. Retired $340,000 of bonds, on which there was $3,400 of unamortized discount, for $354,000. b. Sold 7,000 shares of $25 par common stock for $56 per share. c. Sold equipment with a book value of $65,500 for $94,300. d. Purchased land for $326,000 cash. e. Purchased a building by paying $81,000 cash and issuing a $90,000 mortgage note payable. f. Sold a new issue of $280,000 of bonds at 97. g. Purchased 2,800 shares of $20 par common stock as treasury stock at $39 per share. h. Paid dividends of $2.50 per share. There were 21,000 shares issued and 3,000 shares of treasury stock. Effect Amount Cash payment а. b. Cash receipt Cash receipt C. d. Cash payment $1 Cash payment е. f. Cash receipt Cash payment g. h. Cash payment
The following selected account balances appeared on the financial statements of Washington Company: Accounts Receivable, January 1 $16,126 Accounts Receivable, December 31 7,405 Accounts Payable, January 1 5,111 Accounts Payable, December 31 7,854 Merchandise Inventory, January 1 7,084 Merchandise Inventory, December 31 16,812 Sales 66,012 Cost of Merchandise Sold 33,620 Washington Company uses the direct method to calculate net cash flow from operating activities. Cash payments for merchandise were a.$72,997 b.$21,149 c.$46,091 d.$40,605
Suppose your company reports $200 of net income and $48 of cash dividends paid, and its comparative balance sheet indicates the following. Beginning Ending Cash $ 43 $ 243 Accounts Receivable 115 213 Inventory 285 173 Total $ 443 $ 629 Salaries and Wages Payable $ 18 $ 90 Common Stock 140 102 Retained Earnings 285 437 Total $ 443 $ 629 Required: Prepare the operating activities section of the statement of cash flows, using the indirect method. (Amounts to be deducted should be indicated with a minus sign.) How would i create the operating activites section of cash flows, using the indirect method.
Blue Circle Corporation's comparative balance sheet for current assets and liabilities was as follows: Dec. 31, 20Y2 Dec. 31, 20Y1 Accounts receivable $14,000 $13,400 Inventory 70,500 71,200 Accounts payable 11,900 10,600 Dividends payable 15,000 16,000 Adjust net income of $74,900 for changes in operating assets and liabilities to arrive at net cash flow from operating activities.
Income tac was $300,409 for the year. Income tac payable was $28,102 and $42,997 at the beginning and end of the year,reapectively. Cash payants for income tac reportés on the statement pc cash flots usine the direct method la a. $ 285,514 b. 315,304 c. 300,409 d. 371,508
Record all of these transactions in a cash disbursement journal table, such as this one: Date Explanation A/R Sub Account # Cash (debit) Sales Revenue (credit) Account Receivable (credit) Other (credit) Other Account Name Dec 1: Purchased 12,000 shares of treasury stock for $120,000 (Check #500 payable to Tennett Corp). The company expects to reissue these shares at a later date. Dec 1: Lent $50,000 in cash to one of its suppliers (Check #501 payable to Woodson Corp). The supplier signed a 1-year, 12% promissory note with a face value of $50,000. The note’s face value plus interest is due on 12/1/X6 Dec 4: Paid the Nelson Industries invoice for the balance owed. Dec 5: Paid the November utilities bill of $5,500 (this was already recognized as an expense in November). (Check #503 payable to Progress Energy) Dec 11: Paid Centennial, Inc. for the balance…
Complete the statement of sources and uses of cash from the following entries: Net income $ 2,000 Dividends 800 Additions to inventory 170 Additions to receivables 200 Depreciation 140 Reduction in payables 600 Net issuance of long-term debt 350 Sale of fixed assets 110
The Cash and Accounts Receivable end-of-year balances for a company are provided below. Current Year Prior Year Cash $46,280 $35,600 Accounts receivable (net) 17,050 31,000 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
Use the following information to calculate cash received from dividends: Dividends revenue $ 37,300 Dividends receivable, January 1 4,100 Dividends receivable, December 31 6,400
What are the five most important design principles for source documents?
Using the Exhibit below, assume that the balance of Accounts Receivable was $61,000 at the beginning of the current year. Furthermore, assume that the balance of Accounts Receivable is $62,000 at the end of the current year. When preparing the Statement of Cash Flow using the indirect method for the current year, which of the following statements would describe the proper presentation of accounts receivable on the Cash flow from operating activities section? EXHIBIT Increase (Decrease) Net Income (loss) $XXX Adjustments to reconcile net income to net cash flow from operating activities: Depreciation of fixed assets XXX Losses on disposal of assets XXX Gains on…
Cash and accounts receivable for Adams Company are provided below: Prior Year Cash $70,000 $50,000 Accounts receivable (net) 70,400 80,000 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. Dollar Change Percent Change Account Current Year Cash Accounts Receivable % %