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ELEN [110]
3 years ago
10

Cash dividends of $45,000 were declared during the year. Cash dividends payable were $10,000 at the beginning of the year and $1

5,000 at the end of the year. The amount of cash for the payment of dividends during the year is
Business
1 answer:
Maksim231197 [3]3 years ago
4 0

Answer:

$40,000

Explanation:

               Dividend Payable

Opening Dividend                        $10,000

Add: Dividend Liability made      $45,000

after Dividend declared  

Less: Closing Dividend                <u>$15,000</u>

Dividend to pay in Current year <u>$40,000</u>

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