If you multiply the dividends declared per share (#8) times the average number of common shares (#4), you would get an estimate of the cash paid towards dividends, but it would not be exact because the dividends declared are changing each year and there is a delay between dividends declared and cash paid. To be exact, what is the actual amount of cash used to pay dividends during fiscal year 2014? AnswersStatement of changes in consolidated stockholders’ equity1.2.3.4. 10,106,542 shares issued as at 31/12/201441,762,325 shares repurchased as at 31/12/2014(31,655,783) outstanding…
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