Kindly clarify the following query:
How should we treat Unpaid/Unclaimed Dividend under Indirect Method of Cash Flow?
Eg:
Particulars As on 31.3.2001 As on 31.3.2002
Proposed Dividend 1,20,000 1,44,000
Unpaid Dividend 0 16,000
No additional Information
Here are my queries:
Isn't unpaid dividend part of Current Liabilities? So, will it affect cash flow from operating activities due to working capital changes?
If yes, how much will be the Dividend Paid under Cash Flow from financing activities.
Thanking you in advance