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(Solved) The board of directors declared cash dividends totaling $80,000 during the current year. The...


The board of directors declared cash dividends totaling $80,000 during the current year. The                                                      comparative balance sheet indicates dividends payable of $25,000 at the beginning of the year and $20,000 at the end of the year. What was the amount of cash payments to stockholders  dur-     ing the year?       An analysis of the general ledger accounts indicates that office equipment, which cost $30,000                                                      and on which accumulated depreciation totaled $10,000 on the date of sale, was sold for  $25,000 during the year. Using this information, indicate the items to be reported on the statement of     cash flows.      

 


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Oct 15, 2019

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