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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
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) $10,000 b) $6,000 c) $4,000 d) $0 as 12 23 15 15 At January 1, 2015, Alligator Industries reported retained earnings of $150,000. During 2015, Alligator had a net loss of $30,000 and paid dividends of $15,000. At December 31, 2015, the amount of retained earnings is a) $105,000. b) $120,000. c) $165,000. d) $135,000. . Question 34 (2 points) Depreciation expense for a period is the a) original cost of an asset - accumulated depreciation. b) portion of an asset's cost that expired during the period. c) book value of the asset + useful life. d) market value of the asset + useful life
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