The following information is taken from the financial statements of Cyrus Ltd for the year ended 30 June 2019. What were the total dividends paid during the year?
A) $250 000
B) $460 000
C) $480 000
D) None of the above

Question

The following information is taken from the financial statements of Cyrus Ltd for the year ended 30 June 2019.  What were the total dividends paid during the year?
A) $250 000 
B) $460 000 
C) $480 000 
D) None of the above

Quizplus · Accepted Answer

The total dividends paid during the year can be found in the Statement of Changes in Equity under the heading "Dividends paid". In this case, the total dividends paid is $480,000. Therefore, the correct answer is C.

The Following Information Is Taken from the Financial Statements of Cyrus