Use the following information to calculate cash received from dividends: $$\begin{array} {| l | r |}
\hline \text { Dividends reveruse } & \$ 29,800 \
\hline \text { Dividends receivable, Jaruary 1 } & 2,600 \
\hline \text { Dividends receivable, Decermber } 31 & 3,400 \
\hline
\end{array}$$

Question

Use the following information to calculate cash received from dividends: $$\begin{array} {| l | r |} 
\hline \text { Dividends reveruse } & \$ 29,800 \
\hline \text { Dividends receivable, Jaruary 1 } & 2,600 \
\hline \text { Dividends receivable, Decermber } 31 & 3,400 \
\hline
\end{array}$$

Quizplus · Accepted Answer

Cash received from dividends is calculated as: Dividends revenue + Beginning dividends receivable - Ending dividends receivable = $29,800 + $2,600 - $3,400 = $29,000.

Use the Following Information to Calculate Cash Received from Dividends