Heliski Corp. had a $7,320 beginning balance in Dividends Payable and an ending balance in that account

Question:

Heliski Corp. had a $7,320 beginning balance in Dividends Payable and an ending balance in that account of $12,492. During 2009, Heliski’s board of directors declared total cash dividends of $0.20 per share on the 649,475 shares of outstanding common stock.
Required:
(a) What was the total declared by Heliski Corp. during 2009?
(b) How much was paid to stockholders for dividends during 2009? Where would this amount appear on the statement of cash ﬂows?
(c) If Heliski Corp. had declared a 10 percent stock in 2009, would that declaration have affected the balance in Dividends Payable? Explain.
Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...