Shaw, an architect, is the sole shareholder of Shaw Corporation, a professional association. The corporation paid Shaw a salary of $255,000 during its fiscal year ending October 31, 2011.
Definitions:
Cash Dividend Payment
A distribution of a company's earnings declared by the board of directors to its shareholders in the form of cash.
Financing Activities
Financing activities are transactions between a company and its creditors or investors, including issuing equity, paying dividends, and obtaining or repaying loans, which are used to fund the company's operations or expansions.
Statement Of Cash Flows
A financial statement that provides aggregate data regarding all cash inflows a company receives from its ongoing operations and external investment sources, as well as all cash outflows that pay for business activities and investments during a given period.
Cash Flow Ratio
A liquidity ratio that measures a company's ability to cover its short-term liabilities with its cash flows from operations.
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