Evaluate the amount of cash payments to stockholders

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Reference no: EM1310056

The board of directors declared cash dividends totaling $242,000 during the current year. The comparative balance sheet indicates dividends payable of $48,000 at the beginning of the year and $59,000 at the end of the year. What was the amount of cash payments to stockholders during the year?

Reference no: EM1310056

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