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Clifford Company's comparative balance sheet included dividends payable of $80,000 at December 31, 2009, and $100,000 at December 21, 2010. Dividends declared by Clliford during 2010 amounted to $400,000.

1, find out the amount of dividends actually paid to stockholders during 2010.
2, How will clifford report the dividend payments on its 2010 statement of cash flow?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M955553

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