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The following was reported in Carla Vista Ltd.s 2021 financial statements: 2021 2020 Dividends payable $16,320 $13,600 Retained earnings 177,480 77,520 Profit 133,960 Calculate cash
The following was reported in Carla Vista Ltd.s 2021 financial statements:
| 2021 | 2020 | |||
|---|---|---|---|---|
| Dividends payable | $16,320 | $13,600 | ||
| Retained earnings | 177,480 | 77,520 | ||
| Profit | 133,960 |
Calculate cash payments for dividends.
| Cash payment for dividends | $enter Cash payment for dividends in dollars |
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Managerial Accounting Tools For Business Decision Making
Authors: Weygandt, Kimmel, Kieso
4th Edition
0470478535, 978-0470478530
