How much total cash dividends did Monica, Inc. receive from Seles Corporation?

To determine the total cash dividends that Monica, Inc. received from Seles Corporation, it is important to consider the information typically provided in a financial accounting context regarding dividend payments. When calculating cash dividends, one usually takes into account the number of shares owned and the dividend per share.

If the amount identified as 36,000 is based on the total shares owned by Monica, Inc., multiplied by the dividend earned per share, this would suggest that Monica, Inc. possibly owned a sufficient number of shares with a dividend rate that results in the total of 36,000.

For example, if Monica owned 10,000 shares and Seles Corporation declared a dividend of 3.60 per share, then the calculation would yield 10,000 shares multiplied by 3.60 dividend per share, resulting in exactly 36,000. Therefore, this aligns with standard accounting practices related to dividends and the calculations required to arrive at the total amount received.

Understanding this process shows how cash dividends are derived from ownership of stock and are critical in reflecting the returns on investments within a financial accounting framework.