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The board of directors declared cash dividends totaling

Question - The board of directors declared cash dividends totaling $242,000 during the current year. The comparative balance sheet indicates dividends payable of $48,000 at the beginning of the year and $63,000 at the end of the year. What was the amount of cash payments to stockholders during the year?

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Accounting Basics: The board of directors declared cash dividends totaling

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