If a dividend payment of $ 50,000 to shareholders attracts $ 5,000 of tax for the company,

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If a dividend payment of $ 50,000 to shareholders attracts $ 5,000 of tax for the company, what amount is shown as cash paid for dividends on the SCF?

Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...
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Intermediate Accounting

ISBN: 978-0071339476

Volume 1, 6th Edition

Authors: Beechy Thomas, Conrod Joan, Farrell Elizabeth, McLeod Dick I

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