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5 . Cash dividends of $ 4 8 , 5 0 0 were declared. The beginning and ending balance of the Cash Dividends Payable account

5. Cash dividends of $48,500 were declared. The beginning and ending balance of the Cash Dividends Payable account was $8,000 and $10,500, respectively. In the statement of cash flows, how are the cash dividend transactions reported?

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