Solution-What is the amount of cash dividends paid

What is the amount of cash dividends paid

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Reference no: EM132873599

Questions -

(1) Carducci Corporation reported net sales of $3.45 million and beginning total assets of $1.05 million and ending total assets of $1.45 million. The average total asset amount is?

(2) The accountant for Sysco Company is preparing the company's statement of cash flows for the fiscal year just ended the following information is available:

Retained earnings balance at the beginning of the year $959,000.

Net income for the year 300,000

Cash dividends declared for the year 56,000.

Retained earnings balance at the end of the year 1,427,000.

Cash dividends payable at the beginning of the year 12,800

Cash dividends payable at the endo of the year 15,200

Required - What is the amount of cash dividends paid that should be reported in the financing section of the statement of cash flows?

Reference no: EM132873599

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What is the amount of cash dividends paid

Reference no: EM132873599

Reference no: EM132873599

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