Use the following information to calculate cash received from dividends: $\begin{array}{llcc}
\text { Divdends reveruse } & \$29,800 \
\text {Dividends receivable, January I } &2,600\
\text { Dividends receivable, December 31 } &3,400\
\end{array}$

A) $26,400.
B) $29,000.
C) $29,800.
D) $30,600.
E) $32,400.

Question

Use the following information to calculate cash received from dividends: $\begin{array}{llcc}
  \text { Divdends reveruse } & \$29,800 \
 \text {Dividends receivable, January I  } &2,600\
 \text { Dividends receivable, December 31 } &3,400\
\end{array}$

A) $26,400.
B) $29,000.
C) $29,800.
D) $30,600.
E) $32,400.

Quizplus · Accepted Answer

Cash received from dividends is calculated as: Dividends revenue + Beginning dividends receivable - Ending dividends receivable = $29,800 + $2,600 - $3,400 = $29,000.

Use the Following Information to Calculate Cash Received from Dividends