Cashflows

This topic has 1 reply, 2 voices, and was last updated 10 years ago by John Moffat.

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May 4, 2016 at 2:13 am #313591
abrizni10
Member
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Dear respected sir pls help me with this question

Approved ordinary dividends for 20×4 is 20000 and 20×5 is 25000

How much will appear in the statement of cash flow for the year ended 30 September 2005 for ordinary dividend paid?

My answer is 25000, but in the book it says it’s 20000, can u pls clear my doubt?
May 4, 2016 at 7:29 am #313624
John Moffat
Keymaster
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The dividends approved for 20×4 will have been paid in 20×5. It is the cash paid during the year that we need, and this is therefore 20,000.
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