Indigo Co.was organized on January 2,2014,with the following capital structure: Indigo's net income for the year ended December 31,2014,was $750,000,but no dividends were declared.Indigo's balance sheet would report Dividends Payable at December 31,2014,of

Question

Indigo Co.was organized on January 2,2014,with the following capital structure:  Indigo's net income for the year ended December 31,2014,was $750,000,but no dividends were declared.Indigo's balance sheet would report Dividends Payable at December 31,2014,of

Quizplus · Accepted Answer

No dividends were declared, therefore there would not be any amount reported as dividends payable on the balance sheet.

Indigo CoWas Organized on January 2,2014,with the Following Capital Structure