Accounting 26th Edition by Carl Warren,James Reeve,Jonathan Duchac

تمرين 38

Determining cash payments to stockholders
The board of directors declared cash dividends totaling $585,000 during the current year. The comparative balance sheet indicates dividends payable of $167,625 at the beginning of the year and $146,250 at the end of the year. What was the amount of cash payments to stockholders during the year