Determining Cash Paid to Stockholders The board of directors declared cash dividends totaling $585,000 during the curren

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Determining Cash Paid To Stockholders The Board Of Directors Declared Cash Dividends Totaling 585 000 During The Curren 1 (28.71 KiB) Viewed 13 times

Determining Cash Paid to Stockholders The board of directors declared cash dividends totaling $585,000 during the current year. The comparative balance sheet indicates dividends payable of $167,625 at the beginning of the year and $146,250 at the end of the year. What was the amount of cash paid to stockholders during the year? 163,900 X Feedback Check My Work Recall that there are three important dates when dealing with the cash dividends: the declaration date, stockholders of record date and the payment date. Remember you want to determine the amount of the total cash payment made to stockholders.