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Accounting

Q1) Board of directors declared cash dividends totalling $242,000 in current year. Comparative balance sheet points out dividends payable of $48,000 at starting of year and $59,000 at the end of the year. Determine the amount of cash payments to stockholders in the year?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M916970

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