Finanacial Statements

sscors

Really confused about where to put dividends received/paid in the statement of cashflow for the exam. Please help

missm4ry4m

Hi

Dividends received is put in the investing activities of the Statement of Cashflows and dividends paid is put in the financing activities.

When in your exam?

sscors

Thanks, exam is on tuesday arghh!!!

missm4ry4m

No problem and good luck!! Mines is on Thursday!!

sscors

Do you know how to calculate dividends paid for cash flow statement. One question said it had been paid from retained earnings. And just gave retained earnings figures for 2 years

missm4ry4m

Retained workings = Retained earnings + profits - dividends paid

So I think you just rearrange this forumla and work it out that way!

You might want to confirm with your tutor though.

sscors

Thanks have just found answer in textbook

20X8 retained earnings

sscors

Thanks have just found the answer in textbook

20X8 retained earnings 35 550
Profit 15 280
20X9 retained earnings (45 830)
Dividend paid 5 000

Hope this helps someone

missm4ry4m

Thanks; this just helped me!!

Sammmy88

How did you get on in your exam?

missm4ry4m

How did your exam go?

sscors

Hi

it was ok there were a few things that I wasn't too confident on but glad it is now over. Just waiting for the results. Going to do budgeting next have heard it's a lot easier.

How did you find the exam?

missm4ry4m

I found some question quite difficult too. Fingers crossed I've passed. It's so frustrating waiting for the results!! I'm doing budgeting next too. Where do you study?

sscors

Doing online learning hoping to do exam in December, appar Budgeting is a lot easier than FNST. I don't like waiting 6 weeks either just want to know if I have passed or failed now as the exam really could have gone either way.