At October 1, Arcade Fire Enterprises reported stockholders' equity of $72,000. During October, no stock was issued
Question:
At October 1, Arcade Fire Enterprises reported stockholders' equity of $72,000. During October, no stock was issued and the company posted a net loss of $8,000. If stockholders' equity at October 31 totals $64,000, what amount of dividends were paid during the month?
a. $0
b. $4,000
c. $8,000
d. $16,000
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