The statement of changes in financial position indicates that the board of directors of the Calex Company
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The statement of changes in financial position indicates that the board of directors of the Calex Company declared dividends of \(\$ 500,000\) during the year. The comparative balance sheets show Dividends Payable of \(\$ 80,000\) at the start of the year and \(\$ 100,000\) at the end of the year. How much cash was distributed in dividends during the year?
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Related Book For 
Financial Accounting An Introduction To Concepts Methods And Uses
ISBN: 9780030452963
2nd Edition
Authors: Sidney Davidson, Roman L. Weil, Clyde P. Stickney
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