Barclays 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 $ 328,000 Cash dividends declared for the year 73,750 Proceeds from the sale of equipment 126,800 Gain on the sale of equipment 7,350 Cash dividends payable at the beginning of the year 32,450 Cash dividends payable at the end of the year 39,500 Net income for the year 162,250
Barclays 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 $ 328,000 Cash dividends declared for the year 73,750 Proceeds from the sale of equipment 126,800 Gain on the sale of equipment 7,350 Cash dividends payable at the beginning of the year 32,450 Cash dividends payable at the end of the year 39,500 Net income for the year 162,250
Financial And Managerial Accounting
15th Edition
ISBN:9781337902663
Author:WARREN, Carl S.
Publisher:WARREN, Carl S.
Chapter13: Statement Of Cash Flows
Section: Chapter Questions
Problem 6BE: Common stock transactions on the statement of cash flows Jones Industries received 600,000 from...
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Barclays Company is preparing the company's statement of cash flows for the fiscal year just ended. The following information is available:
$ 328,000 | |
Cash dividends declared for the year | 73,750 |
Proceeds from the sale of equipment | 126,800 |
Gain on the sale of equipment | 7,350 |
Cash dividends payable at the beginning of the year | 32,450 |
Cash dividends payable at the end of the year | 39,500 |
Net income for the year | 162,250 |
The amount of cash paid for dividends was:
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