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pychu [463]
3 years ago
8

Determining Cash Payments to Stockholders The board of directors declared cash dividends totaling $209,800 during the current ye

ar. The comparative balance sheet indicates dividends payable of $50,400 at the beginning of the year and $45,400 at the end of the year. What was the amount of cash payments to stockholders during the year?
Business
1 answer:
Crank3 years ago
5 0

Answer:

  $214,800

Explanation:

The amount paid is the sum of the amount declared and the difference in amounts payable.

  dividends paid = $209,800 +50,400 -45,400

  dividends paid = $214,800

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