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In each of the following cases, use the Information provided about the current year operations of ivy Company to calculate the Indicated cash flow Item.
In each of the following cases, use the Information provided about the current year operations of ivy Company to calculate the Indicated cash flow Item. :24 Case A: Calculate cash recelved from dividends ? Dividend revenue 14,900 Dividends recelvable January 1 1,400 DiVidends recelvable December 31 1,700 Case B Calculate cash pald for dividends ? Dividend payable, January 1 14.900 Dividend payable, December 31 17.000 Retained Earnings January 1 231,000 Retalned Earnings December 31 270,000 Profit 120,000 Multiole Choice ceseA= $14.600.Case B-$81.000 CaseA=$14,900.Case B= 578,900 CaseA=515,300. Case B = 581000 Case A = 514,600, Case B = 578,900 Case A = $14.900.0gse B-$84.0
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