What was the amount of cash payments to stockholders

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Question 1: Determining Cash Payments to Stockholders

The board of directors declared cash dividends totaling $118,800 during the current year. The comparative balance sheet indicates dividends payable of $29,700 at the beginning of the year and $26,700 at the end of the year.

Question 2: What was the amount of cash payments to stockholders during the year?

Reference no: EM132464834

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