1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
nikdorinn [45]
2 years ago
11

Cash dividends of $85,000 were declared during the year. Cash dividends payable were $10,000 and $15,000 at the beginning and en

d of the year, respectively. The amount of cash for the payment of dividends during the year is
Business
1 answer:
Thepotemich [5.8K]2 years ago
8 0

The amount of cash for the payment of dividends during the year is $80,000

What is the cash amount paid as dividends in the year?

The task at hand is to determine the amount of actual cash paid to shareholders as dividends in the year under review, which takes into consideration the amount of cash dividends declared in the year, the amount of dividends outstanding at the beginning of the year as well as the amount as at the end of the year.

$10,000 was unpaid at the beginning of the year, when declared during the year, which is $85,000 is added to it, we have $95,000 which the shareholders are expecting from the company.

The fact that at the end of the year, only $15,000 is unpaid means that out of the $95,000, $80,000 has been paid leaving us with an unpaid balance of just $15,000

cash dividends paid=beginning unpaid+ declared amount-amount unpaid at the end of the year

cash dividends paid=$10,000+$85,000-$15,000

cash dividends paid=$80,000

brainly.com/question/20374943

#SPJ1

You might be interested in
The income statement of Pharoah Company is shown below.
Alexus [3.1K]

Answer and Explanation:

The preparation of the operating activities section of the statement of cash flows for the year ended December 31, 2020 is presented below;

Cash flow from operating activities

Net income $1,580,000

Add: depreciation expense $58,970

Add: decrease in account receivable $313,770

Less: Increase in prepaid expense -$167,640

Less: Decrease in account payable -$279,000

Less: decrease in accrued expense payable -$124,020

Add: Decrease in inventory $380,000 ($1,880,000 - $1,500,000)

Cash flow provided by operating activities $1,762,080

8 0
3 years ago
What did Lonnie Johnson work on in the military
arlik [135]

Lonnie Johnson had an illustrious career as a nuclear engineer working on the Galileo space programme and the stealth bomber - but he is best known for creating a water pistol.

Hope this helped!

Good luck :p

~Emmy <3

5 0
3 years ago
Wildhorse Co. wrote checks totaling $41500 during October and $45321 during November. $39460 of these checks cleared the bank in
Natalka [10]

Answer: $3,086

Explanation:

Wrote checks totaling $41,500 in

October less $39,460 of these checks cleared in October

Wrote checks totaling $45,321 in November less $44,275 cleared the bank in November

Balance of uncleared checks

In October is $41,500 - $39,460 = $2,040

In November is $45,321 - $44,275 = $1,046

Total outstanding checks on 30 Nov is $2,040+$1,046 = $3,086

8 0
3 years ago
Steve is preparing a market analysis for the joneses and has selected three comparable properties. how many adjustments should s
zzz [600]

For the Joneses, Steve is putting together a market analysis and has chosen three comparable homes. Steve should Zero Adjustment alter the joneses' proper behavior in any way.

Sensors and instruments must produce an output that is a precise, predictable, and repeatable function of their input in every measurement setting. A 0 - 10 Bar pressure transmitter, for instance, might have a 0 - 10 V output that, starting with 0 V output for a 0 Bar pressure measurement, corresponds to its 0 - 10 Bar measurement range in a linear manner. To make sure that its output is indeed 0 V for a 0 Bar input, the transmitter must be calibrated. When this isn't the case, there needs to be a way to alter, or "zero," the output. The usage of an electronic gadget.

Learn more about Zero Adjustment here

brainly.com/question/5019807

#SPJ4

7 0
1 year ago
During 20X1, the Balboa Software Company incurred development costs of $2,000,000 related to a new software project. Of this amo
sergey [27]

Answer:

$400,000

Explanation:

Data provided in the question:  

Development cost incurred = $2,000,000  

Amount incurred after the technological feasibility was achieved = $400,000

Now,  

The Software development costs that would be capitalized in 20X1

= Cost incurred after achievement of technological feasibility    

= $400,000  

3 0
3 years ago
Other questions:
  • The _____ tag is the black-and- white bar code found on most merchandise. It contains a 13-digit code that indicates the manufac
    9·1 answer
  • Which of the following measures how the level of well-being in a country has changed over time? a. level of nominal GDP per pers
    7·1 answer
  • Which of the following statements regarding the direct and indirect methods of reporting cash flow from operating activities is
    5·1 answer
  • One reason to buy a home instead of rent a home is:
    10·2 answers
  • A clothing retailer offers a larger
    8·2 answers
  • ________ is the process of defining a marketing problem and opportunity, systematically collecting and analyzing data, and recom
    7·1 answer
  • the direct write-off method is used for tax purposes but is generally not permitted for financial reporting. true or false?
    13·1 answer
  • Why does a high percentage of body fat increase the intoxication rate?
    9·1 answer
  • When a person at a lower level skips a level in the organization chart and consults his or her boss's boss, that person is said
    7·1 answer
  • the forward pricing rule applies to a) purchases, but not redemptions, of the shares of open-end investment companies. b) purcha
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!