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Barclays Company is preparing the companys statement of cash flows for the fiscal year just ended. The following information
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Calculation of Cash Dividends paid during the year:

Cash dividends payable at the beginning of the year $24,750

Add: Cash dividends declared for the year $56,250

Less: Cash dividends payable at the end of the year ($32,500)

Cash Dividends paid during the year $48,500

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