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Determining cash payments to stockholders The board of directors declared cash dividends totaling $1,100,000 during the current year. The comparative balance sheet indicates dividends payable
Determining cash payments to stockholders
The board of directors declared cash dividends totaling $1,100,000 during the current year. The comparative balance sheet indicates dividends payable of $230,000 at the beginning of the year and $110,000 at the end of the year.
What was the amount of cash payments to stockholders during the year? Round your answer to the nearest dollar.
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