Determining cash payments to stockholders


Determining Cash Payments to Stockholders The board of directors declared cash dividends totaling $176,800 during the current year. The comparative balance sheet indicates dividends payable of $46,000 at the beginning of the year and $41,400 at the end of the year. What was the amount of cash payments to stockholders during the year?

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Accounting Basics: Determining cash payments to stockholders
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