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Determining Dividends Paid on Statement of Cash Flows Clifford Company's comparative balance sheet included dividends payable of $80,000 at December 31, 2015, and $100,000 at
Determining Dividends Paid on Statement of Cash Flows
Clifford Company's comparative balance sheet included dividends payable of $80,000 at December 31, 2015, and $100,000 at December 31, 2016. Dividends declared by Clifford during 2016 amounted to $400,000.
Required:
1. Calculate the amount of dividends actually paid to stockholders during 2016.
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