At October 1, Arcade Fire Enterprises reported stockholders' equity of $70,000. During October, common stock of $10,000

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At October 1, Arcade Fire Enterprises reported stockholders' equity of $70,000. During October, common stock of $10,000 was issued and the company posted a net loss of

$4,000. If stockholders' equity at October 31 totals $70,000, what amount of dividends were paid during the month?

a. $0

b. $4,000

c. $6,000

d. $10,000

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Related Book For  book-img-for-question

Loose Leaf For Financial Accounting For Managers

ISBN: 978-1264503988

1st Edition

Authors: Wayne Thomas ,Michael Drake ,Jake Thornock ,David Spiceland

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