A firms dividends payable account increased 10000 during


A firm's dividends payable account increased $10,000 during the year. The firm also declared $35,000 of dividends. What is the complete disclosure in the direct method SCF for these events?

a. $25,000 financing cash outflow; $10,000 addition reconciling adjustment

b. $45,000 financing cash outflow

c. $25,000 financing cash outflow

d. $35,000 financing cash outflow

Request for Solution File

Ask an Expert for Answer!!
Financial Accounting: A firms dividends payable account increased 10000 during
Reference No:- TGS01000972

Expected delivery within 24 Hours