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Determining Cash Payments to Stockholders The board of directors declared cash dividends totaling $585,000 during...

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Accounting

Determining Cash Payments to Stockholders The board of directors declared cash dividends totaling $585,000 during the current year. The comparative balance sheet indicates dividends payable of $167,625 at the beginning of the year and $146,250 at the end of the year.

What was the amount of cash payments to stockholders during the year?

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