Use the following information to calculate cash received from dividends: $$\begin{array} { l l }
\text { Dividends revenue } & \$ 63,500 \
\text { Dividends receivable, January 1 } & 3,600 \
\text { Dividends receivable, December } 31 & 3,100
\end{array}$$
A)$64,000.
B)$63,500.
C)$60,400.
D)$67,100.
E)$63,000.

Question

Use the following information to calculate cash received from dividends: $$\begin{array} { l l } 
\text { Dividends revenue } & \$ 63,500 \
\text { Dividends receivable, January 1 } & 3,600 \
\text { Dividends receivable, December } 31 & 3,100
\end{array}$$
A)$64,000.
B)$63,500.
C)$60,400.
D)$67,100.
E)$63,000.

Quizplus · Accepted Answer

Cash received from dividends = Dividends revenue + (Dividends receivable, January 1 - Dividends receivable, December 31)= $63,500 + ($3,600 - $3,100)= $63,500 + $500= $64,000

Use the Following Information to Calculate Cash Received from Dividends