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QUESTION 28 Cash dividends of $50,000 were declared during the year. Cash dividends payable were...

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QUESTION 28 Cash dividends of $50,000 were declared during the year. Cash dividends payable were $10,000 and $5,000 at the beginning and end of the year, respectively. The amount of cash for the payment of dividends during the year is a. $50,000 b. $55,000 c. $60,000 d. $65,000

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