Answer Happy

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? 606,075 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.