Derive cash disbursements for dividends. Johnson & Johnson, a pharmaceutical and medical products company, reported a balance
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Derive cash disbursements for dividends. Johnson & Johnson, a pharmaceutical and medical products company, reported a balance in retained earnings of $26,571 million at the beginning of Year 13 and $28,132 million at the end of Year 13. Its dividends payable account increased by $233 million during Year 13. It reported net income for Year 13 of $5,030 million. How mueh eash did Johnson & Johnson disburse for dividends during Year 13? Indicate where this information would appear in the simplified statement ol cash Hows in Exhibit 4.12.
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Related Book For
Financial Accounting Introduction To Concepts Methods And Uses
ISBN: 9780324222975
11th Edition
Authors: Clyde P. Stickney, Roman L. Weil
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