Use the following information to calculate cash received from dividends:
$$\begin{array} {|l | r| }
\hline \text { Dividends revenuse } & \$ 29,800 \
\hline \text { Dividends receivable, January 1 } & 2,600 \
\hline \text { Dividends receivable, December } 31 & 3,400 \
\hline
\end{array}$$
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:
$$\begin{array} {|l | r| } 
\hline \text { Dividends revenuse } & \$ 29,800 \
\hline \text { Dividends receivable, January 1 } & 2,600 \
\hline \text { Dividends receivable, December } 31 & 3,400 \
\hline
\end{array}$$
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