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How much cash was paid in dividends during the year

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Reference no: EM13506598

The board of directors of Gifford Corp. declared cash dividends of $260,000 during the current year. If dividends payable was $85,000 at the beginning of the year and $90,000 at the end of the year, how much cash was paid in dividends during the year?

Reference no: EM13506598

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