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Business, 01.07.2021 21:30 marioruiz7944

The board of directors declared cash dividends totaling $160,000 during the current year. The comparative balance sheet indicates dividends payable of $43,200 at the beginning of the year and $38,900 at the end of the year. Required:
What was the amount of cash payments to stockholders during the year?

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The board of directors declared cash dividends totaling $160,000 during the current year. The compar...
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