Originally Posted by Lneal
The problem says ; An examination of the income statement and the accounting records revealed the following additional information applicable to 2013:
On the statement of cash flows indirect method these numbers are entered for the liabilities and stockholders equity. Dec 31, 2013 $28,080 .......... Dec 31 2012 $21,600
Then I am given Cash dividends declared, $112,320 as the additional information.When doing my cash flows from financial activities I don't know how to enter the amount for less cash paid for dividends.
I hope I am making sense and sorry if I am not. This is so new to me.
Well, this makes me think the dividends were declared but not paid. There would be no change to cash. So, I 'think' the amount you want to enter is 0.00. Does your statement 'work' if you enter 0.00?