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Use the following information to calculate cash received from dividends: Dividends revenue$31,300 Dividends receivable, January 1 2,900 Dividends receivable, December 31 4,000 Multiple Choice $32,400. $31,300. $27,300. $34,200. $30,200.

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abiolataiwo2015

Answer:

$30,200

Explanation:

Calculation for the Cash received from dividends

Cash received from dividends = $31,300 − ($4,000 − $2,900)

Cash received from dividends =$31,300-$1,100

Cash received from dividends = $30,200

Therefore the Cash received from dividends will be $30,209

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