The Following Information Is Taken from the Financial Statements of Cyrus

question 29

Multiple Choice

The following information is taken from the financial statements of Cyrus Ltd for the year ended 30 June 2016.

Dividends of $100 000 were declared during the year, and the balances in the dividends payable account at the beginning and end of the year were $15 000 and $25 000 respectively. What amount would be reported as payment of dividends in the cash flows from the financing activities section of the statement of cash flows?

• A) $90 000
• B) $25 000
• C) $100 000
• D) $110 000

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Definitions:

Financial Crises

A situation where the value of financial institutions or assets drops significantly, often causing widespread economic disruption and potentially leading to a recession.

Company's Stocks

Equity investments that represent ownership shares in a corporation, giving holders a claim on part of the company's assets and earnings.

Balanced Scorecards

A strategic planning and management system used for aligning business activities to the vision and strategy of the organization, improving internal and external communications, and monitoring organizational performance against strategic goals.

Markets

Places or systems in which goods, services, and financial instruments are traded between individuals, businesses, or entities.