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1 Chapters 1-3 ctor d Multiple Choice 01-091 e Question 3 of 40 Been There Used Furniture began operation on January 1, 2013, with an

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1 Chapters 1-3 ctor d Multiple Choice 01-091 e Question 3 of 40 Been There Used Furniture began operation on January 1, 2013, with an initial investment of $100,ooo from each of its five stockholders. During the year, the company had net income of $200,000 and paid dividends of $so,ooo. Refer to Been There Used Furniture. The dividends for the year: O a. Are part of the company's operating expense O b. Are reported on the Statement of Retained Earnings O c. Are reported on the Income Statement O d. Increase the amount of capital stock reported by the company Icon Key 810 PM 4025/2018

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