Question

Use the following information to calculate cash receive from dividends dividends revenue 68,000 dividends receivable January 1 4950 dividends receivable December 31, 4000

Answer 1

Step-by-step explanation:

To calculate the cash received from dividends, we need to subtract the dividends receivable on January 1st from the dividends revenue, and then add back the dividends receivable on December 31st.

Cash received from dividends = Dividends revenue - Dividends receivable on January 1st + Dividends receivable on December 31st

= 68,000 - 4,950 + 4,000

= 67,050

Therefore, the cash received from dividends is $67,050.