The following information comes from the 2018 Annual Report to stockholders of Composition Inc. (in thousands):
From the Statement of Changes in Shareholders' Equity: From the Statement of Cash Flows:
Cash flows from financing activities: Assuming that Composition had Dividends Payable of $17,450 thousand at December 31, 2016, compute the balance in that account at December 31, 2018.

Question

The following information comes from the 2018 Annual Report to stockholders of Composition Inc. (in thousands):
From the Statement of Changes in Shareholders' Equity:  From the Statement of Cash Flows:
Cash flows from financing activities:  Assuming that Composition had Dividends Payable of $17,450 thousand at December 31, 2016, compute the balance in that account at December 31, 2018.

Quizplus · Accepted Answer

The Answer of The following information comes from the 2018 Annual Report to stockholders of Composition Inc. (in thousands):
From the Statement of Changes in Shareholders' Equity:  From the Statement of Cash Flows:
Cash flows from financing activities:  Assuming that Composition had Dividends Payable of $17,450 thousand at December 31, 2016, compute the balance in that account at December 31, 2018.

The Following Information Comes from the 2018 Annual Report to Stockholders