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Question 13 The board of directors of Cullumber Corp. declared cash dividends of $260,000 during the current year. If dividends payable was $95,000 at the

Question 13 The board of directors of Cullumber Corp. declared cash dividends of $260,000 during the current year. If dividends payable was $95,000 at the beginning of the year and $95,000 at the end of the year, how much cash was paid in dividends during the year?

Cash paid in dividends $

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