Venco declared and paid a €38,000 cash dividend on December 15, 2010.If the company's dividends in arrears prior to that date were €9,000, Venco's ordinary shareholders received

Question

Quizplus · Accepted Answer

The total amount of dividend that the ordinary shareholders received is the sum of the current dividend and the dividends in arrears, which is €38,000 + €9,000 = €47,000. Since the dividends in arrears were already owed to the shareholders, they should be added to the current dividend to calculate the total amount that they received. Therefore, the correct answer is choice C, €17,000.

Venco Declared and Paid a €38,000 Cash Dividend on December