Solved: If dividends payable was 85000 at the beginning of the year, Financial Accounting

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If dividends payable was 85000 at the beginning of the year

The board of directors of Gifford Corp. declared cash dividends of $260,000 during the current year. If dividends payable was $85,000 at the beginning of the year and $90,000 at the end of the year, how much cash was paid in dividends during the year?

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Financial Accounting: If dividends payable was 85000 at the beginning of the year

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Financial Accounting: If dividends payable was 85000 at the beginning of the year

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