Use the following information to calculate cash received from dividends: Dividends revenue$37,300Dividends receivable, January 1 4,100Dividends receivable, December 31 6,400 Multiple Choice$39,600.$41,400.$37,300.$35,000.$30,900. Use the following information to calculate cash received from dividends:Dividends revenue$37,300Dividends receivable, January 14,100Dividends receivable, December 316,400

Solution Given Dividends revenue $ 37,300 Dividends receivable, January 1 4,100 Dividends receivable, December 31 6,400Calculation of cash received from dividends Dividends receivable, January 1 4100 Add Dividends revenue 37300 Less Dividends receivable, December 31 (6400) cash received from dividends $35000 Hence correct answer is $35000

Answered: Use the following information to…

Business

Accounting

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

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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