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Determining Cash Payments to Stockholders The board of directors declared cash dividends totaling $120,500 during...

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Accounting

Determining Cash Payments to Stockholders The board of directors declared cash dividends totaling $120,500 during the current year. The comparative balance sheet indicates dividends payable of $28,900 at the beginning of the year and $26,000 at the end of the year. What was the amount of cash payments to stockholders during the year? $

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