Question
(1) Carducci Corporation reported net sales of $3.45 million and beginning total assets of $1.05 million and ending total assets of $1.45 million. The average
(1) Carducci Corporation reported net sales of $3.45 million and beginning total assets of $1.05 million and ending total assets of $1.45 million. The average total asset amount is:
(2) The accountant for Sysco Company is preparing the company's statement of cash flows for the fiscal year just ended the following information is available:
Retained earnings balance at the beginning of the year $959,000.
Net income for the year300,000
Cash dividends declared for the year56,000.
Retained earnings balance at the end of the year1,427,000.
Cash dividends payable at the beginning of the year12,800
Cash dividends payable at the endo of the year15,200
What is the amount of cash dividends paid that should be reported in the financing section of the statement of cash flows?
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