Question
The Retained Earnings account for Sunland Company at the end of 2021 is shown here: Retained Earnings Cash Dividends Paid? Opening balance 30,800 Profit 48,600
The Retained Earnings account for Sunland Company at the end of 2021 is shown here:
| Retained Earnings | |||||
| Cash Dividends Paid? | Opening balance | 30,800 | |||
|---|---|---|---|---|---|
| Profit | 48,600 | ||||
| Ending balance | 70,800 | ||||
What amount was reported on the cash flow statement as cash dividends paid assuming there was no balance at the beginning or end of the year in the Dividends Payable account.
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Public Sector Accounting And Auditing In EuropeThe Challenge Of Harmonization
Authors: I. Brusca, E. Caperchione, S. Cohen, F Manes Rossi
3rd Edition
1137461330, 9781137461339
