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Cash dividends of $ 4 5 , 0 0 0 were declared during the year. Cash dividends payable were $ 1 0 , 0 0

Cash dividends of $45,000 were declared during the year. Cash dividends payable were $10,000 at the beginning of the year and $15,000 at the end of the year. The amount of cash paid for dividends during the year is _____.
a. $55,000
b. $40,000
c. $50,000
d. $35,000

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