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Answer With Explanation:- During the year, McKenna Companys shareholders equity increased from $38,000 to $50,000. McKenna earned net income of $18,000. How much in dividends

Answer With Explanation:-

During the year, McKenna Companys shareholders equity increased from $38,000 to $50,000. McKenna earned net income of $18,000. How much in dividends did McKenna declare and paid during the year?

a. $0 (no dividends were paid)

c. $12,000

b. $6,000

d. $7,000

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