yable of $$290,000$ at the beginning of the year and $$60,000$ at the end of the year. This information has been collected in the Microsoft Excel line file. Open the spreadsheet, perform the required analysis, and input your answer in the question below.

en spreadsheet

hat was the amount of cash payments to stockholders during the year?

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Recall that there are three important dates when dealing with the cash dividends; the declaration date, stockholders of record date and the payment date. Consider the beginning balance, dividends declared, and ending balance of the dividends payable account in order to determine the total amount of cash payments to stockholders.