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Beat butter and shortening at medium speed for 2 min or until creamy.
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Gradually add sugar, beating 5 to 7 minutes.
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Add eggs, one at a time, beating just until incorporated.
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Dissolve soda in buttermilk.
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Combine flour and salt, add to butter mixture alternately with buttermilk, beginning and ending with flour mixture.
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Mix at low speed after each addition just until blended.
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Stir in flavorings.
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Pour batter into a greased and floured 10 inch tube pan.
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Bake at 350° for 1 hour or until a toothpick inserted in center comes out clean.
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Cool in pan on a wire rack 10 to 15 min, remove from pan, and cool completely on wire rack.
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Makes 14 servings.
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When cooled sprinkle with powdered sugar if desired.
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Note- Cake may also be baked in two 9 x 5 inch loaf pans, bake at 350° for 45 to 50 minutes.