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Compute the amount of cash for the payment

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Question - Cash dividends of $78,042 were declared during the year. Cash dividends payable were $9,216 at the beginning of the year and $15,690 at the end of the year. Compute the amount of cash for the payment of dividends during the year?

a. $102,948

b. $71,568

c. $87,258

d. $78,042

Reference no: EM132556446

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