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