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How will Clifford report the dividend payments

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Problem - Determining Dividends Paid on Statement of Cash Flows - Clifford Company's comparative balance sheet included dividends payable of $80,000 at December 31, 2015, and $100,000 at December 31, 2016. Dividends declared by Clifford during 2016 amounted to $400,000.

Required -

1. Calculate the amount of dividends actually paid to stockholders during 2016.

2. How will Clifford report the dividend payments on its 2016 statement of cash flows?

Reference no: EM132866796

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