The board of directors of Akiko Corp.declared cash dividends of ¥265,000 during the current year.If dividends payable was ¥83,000 at the beginning of the year and ¥77,000 at the end of the year, how much cash was paid in dividends during the year?

Question

Quizplus · Accepted Answer

Dividends paid = Dividends declared - Dividends payable at the end of the year + Dividends payable at the beginning of the year
= ¥265,000 - ¥77,000 + ¥83,000
= ¥271,000

The Board of Directors of Akiko Corp