The accountant for Sysco Company is preparing the company's statement of cash flows for the fiscal year just ended. The following information is available: Retained earnings balance at the beginning of the year$889,000?Net income for the year 265,000?Cash dividends declared for the year 49,000?Retained earnings balance at the end of the year 1,217,000?Cash dividends payable at the beginning of the year 11,400?Cash dividends payable at the end of the year 13,100?What is the amount of cash dividends paid that should be reported in the financing section of the statement of cash flows?
A. $1700.
B. $47,300.
C. $50,700.
D. $49,000.
E. $73,500.
Answer: B
You might also like to view...
In order for inoculation theory to work, targets of persuasion must anticipate a counterpersuasion effort, known as a/an ______.
A. anchor B. assimilation effect C. behavioral intention D. refutational pre-emption
Which of the following is a routine announcement?
A) Notifying customers about a change in policy B) Persuading a client to accept a new deadline C) Acknowledging that you have a meeting with your boss D) Notifying a customer that you will grant his claim for a refund E) Expressing concern when a coworker has experienced personal misfortune
Explain why you agree or disagree with the following statement: "The debt of government-owned corporations is guaranteed by the full faith and credit of the U.S. government,
but that is not the case for the debt of government-sponsored enterprises."
Hailey Wilson loves to cook and receives unqualified praise whenever she prepares a meal for someone. Encouraged by these compliments and eager to put her culinary talents to good use, Hailey decides to open a small neighborhood restaurant. Since she plans to maintain complete control of the business, she will most likely organize it as a
A. limited partnership. B. corporation. C. general partnership. D. cooperative. E. sole proprietorship.