Caluculate the amount of dividends

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Reference no: EM13149638

Clifford Company's comparative balance sheet included dividends payable of $80,000 at December 31, 2009, and $100,000 at December 21, 2010. Dividends declared by Clliford during 2010 amounted to $400,000.

1) Caluculate the amount of dividends actually paid to stockholders during 2010.

2) How will clifford report the dividend payments on its 2010 statement of cash flow?

Reference no: EM13149638

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