The Following Information Comes from the 2018 Annual Report to Stockholders

question 11

Essay

The following information comes from the 2018 Annual Report to stockholders of Composition Inc. (in thousands):
From the Statement of Changes in Shareholders' Equity: From the Statement of Cash Flows:
Cash flows from financing activities: Assuming that Composition had Dividends Payable of $17,450 thousand at December 31, 2016, compute the balance in that account at December 31, 2018.

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Definitions:

Expensive Ring

A ring that is priced at a high cost, typically due to factors such as materials (like diamonds or gold), brand, or craftsmanship.

Screening Mechanism

A method or process used to differentiate or filter candidates, products, or information based on specific criteria or standards.

High Quality

Denotes products, services, or outputs that meet or exceed certain standards of excellence or expectations.

Expensive Engagement Ring

A high-cost ring traditionally offered in a marriage proposal, often seen as a symbol of commitment and love.