Use the following to answer questions
The following information comes from the 2016 Annual Report to stockholders of Composition Inc.(in thousands):
From the Statement of Changes in Stockholders' Equity:
From the Statement of Cash Flows:
Cash flows from financing activities:
-Assuming that Composition had Dividends Payable of $17,450 thousand at December 31,2014,compute the balance in that account at December 31,2016.
Definitions:
Pay-per-view Television
A type of television service by which subscribers can purchase events to view via private telecast.
Free-rider Problem
The free-rider problem occurs when individuals benefit from resources, goods, or services without paying for them, leading to underprovision of those goods or services.
Public Good
A good that is non-excludable and non-rivalrous, meaning it can be used simultaneously by more than one person without reducing its availability to others.
Free Rider
An individual who benefits from resources, goods, or services without paying for the cost of the benefit.
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