Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The proposed final dividend for the year ended 31 December 2018 was 30,000, this was paid in January 2019. The final dividend for the year

The proposed final dividend for the year ended 31 December 2018 was 30,000, this was paid in January 2019. The final dividend for the year ended 31 December 2019 was 50,000, which was approved on the 25 December 2019 and paid in January 2020. An interim dividend for the year ended 31 December 2019 of 15,000 was paid during the year.

In accordance with IAS 7 Statement of Cash Flows what is the figure for dividends paid which will appear in the statement of cash flows for the year ended 31 December 2019?

Select one:

45,000

95,000

50,000

30,000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Practical Auditing

Authors: Ernest Evan Spicer, Ernest Charles Pegler

17th Edition

0406678014, 9780406678010

More Books

Students also viewed these Accounting questions

Question

What is political risk? Is it limited to emerging markets only?

Answered: 1 week ago