How will Clifford report the dividend payments on its 2017 statement of cash flows?

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Clifford Company’s comparative balance sheet included dividends payable of $80,000 at December 31, 2016, and $100,000 at December 31, 2017. Dividends declared by Clifford during 2017 amounted to $400,000. Required 1. Calculate the amount of dividends actually paid to stockholders during 2017. 2. How will Clifford report the dividend payments on its 2017 statement of cash flows? View Solution:
Clifford Company s comparative balance sheet included dividends payable of 80 000