Use the following information to calculate cash received from dividends: $\begin{array}{lr}
\text { Dividends revenue } & \$ 29,800 \
\text { Dividends receivable, January 1 } & 2,600 \
\text { Dividends receivable, December 31 } & 3,400
\end{array}$
A)$26,400.
B)$32,400.
C)$29,000.
D)$29,800.
E)$30,600.

Question

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