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Area National Bank's Board of Directors voted to declare dividends of $286,000 total for 2015. These dividends are to be distributed in two payments, with one payable in January for $156,000 and the second payable in December for $82,000. The balance sheet is recorded to indicate the plan of action. What is the cash payments made to the stockholders during the year?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9960697

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