Answered

IDNLearn.com provides a collaborative platform for sharing and gaining knowledge. Ask anything and receive comprehensive, well-informed responses from our dedicated team of experts.

Ram Corporation paid cash dividends totaling $55,000 during its most recent fiscal year. How should this information be reported on Ram's statement of cash flows

Sagot :

Abiolataiwo2015idn

The information should  be reported on Ram's statement of cash flows as: In financing activities as a use of funds.

What is financing activities?

]Financing activities can be defined as the movement of cash or inflow or out flow of cash in a company or an organization.

Financing activities is important to companies as it help to show how a company makes use of their fund and it has well has to do with paying cash dividends, selling stock among others in the statement of cash flow.

Inconclusion the information should  be reported on Ram's statement of cash flows as: In financing activities as a use of funds.

Learn more about financing activities here:https://brainly.com/question/735261

Your participation is crucial to us. Keep sharing your knowledge and experiences. Let's create a learning environment that is both enjoyable and beneficial. Trust IDNLearn.com for all your queries. We appreciate your visit and hope to assist you again soon.