How much are cash dividends, Financial Accounting

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How much are cash dividends

Response to the following problem:

Compute the following items for the statement of cash flows:

a. Beginning and ending Retained Earnings are $45,000 and $73,000, respectively. Net income for the period is $62,000. How much are cash dividends?

b. Beginning and ending Plant Assets, net, are $103,000 and $107,000, respectively. Depreciation for the period is $16,000, and acquisitions of new plant assets total $27,000. Plant assets were sold at a $1,000 loss. What were the cash proceeds of the sale?

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Financial Accounting: How much are cash dividends

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