Determining Dividends Paid on Statement of Cash Flows Clifford Company’s comparative balance sheet included dividends payable of $80,000 at December 31, 2009, and $100,000 at December 31, 2010. Dividends declared by Clifford during 2010 amounted to $400,000.

Required 1. Calculate the amount of dividends actually paid to stockholders during 2010.

2. How will Clifford report the dividend payments on its 2010 statement of cash fl ows?

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