Area national bank’s board of directors voted to declare dividends of $286,000 total for 2015. These dividends are to be distributed in two payments, with one payable in January for $156,000 and the second payable in December for $82,000. The balance sheet is recorded to indicate the plan of action.

What is the cash payments made to the stockholders during the year?

Answer rating: 100% (QA)

Area national bank Calculation of cash Dividend For the yea... View the full answer