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Determining Cash Payments to Stockholders The board of directors declared cash dividends totaling $118,600 during the current year. The comparative balance sheet indicates dividends payable

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Determining Cash Payments to Stockholders The board of directors declared cash dividends totaling $118,600 during the current year. The comparative balance sheet indicates dividends payable of $30,800 at the beginning of the year and $27,700 at the end of the year. What was the amount of cash payments to stockholders during the year

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