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lions [1.4K]
2 years ago
9

Use the following information to calculate cash received from dividends: Dividends revenue$31,300 Dividends receivable, January

1 2,900 Dividends receivable, December 31 4,000 Multiple Choice $32,400. $31,300. $27,300. $34,200. $30,200.
Business
1 answer:
MrRissso [65]2 years ago
8 0

Answer:

$30,200

Explanation:

Calculation for the Cash received from dividends

Cash received from dividends = $31,300 − ($4,000 − $2,900)

Cash received from dividends =$31,300-$1,100

Cash received from dividends = $30,200

Therefore the Cash received from dividends will be $30,209

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A ___ warranty promises replacement or refund for defective products.
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Read 2 more answers
The midpoint method is used to compute elasticity because it A. automatically rounds quantities to the nearest whole unit. B. gi
gizmo_the_mogwai [7]

Answer:

B. gives the same answer regardless of the direction of change

Explanation:

The computation of the price elasticity of demand using mid point formula is shown below:

Price elasticity of demand = (Percentage change in quantity demanded) ÷ (percentage change in price)

where,

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6 0
3 years ago
The Sneed Corporation issues 10,000 shares of $50 par preferred stock for cash at $75 per share. The entry to record the transac
larisa [96]

Answer:

The answer is D.

Explanation:

Value of cash received is :

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And that's a debit as it is shown in the question because cash was received.

Now the credit side.

Value of preferred stock is $50

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