The following was reported in Shania Ltd.s 2014 financial statements. Calculate cash payments for dividends? 2014 2013

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The following was reported in Shania Ltd.€™s 2014 financial statements. 

2014 2013 Dividends payable Retained earnings Profit $ 24,000 $ 20,000 261,000 114,000 197,000


Calculate cash payments for dividends?

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Related Book For  book-img-for-question

Principles Of Financial Accounting

ISBN: 9781118757147

1st Canadian Edition

Authors: Jerry J. Weygandt, Michael J. Atkins, Donald E. Kieso, Paul D. Kimmel, Valerie Ann Kinnear, Barbara Trenholm, Joan E. Barlow

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