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Canterbury Company reported total stockholders' equity of $180,000 on its balance sheet dated December 31, 2021. During the year ended December 31, 2022, Canterbury
Canterbury Company reported total stockholders' equity of $180,000 on its balance sheet dated December 31, 2021. During the year ended December 31, 2022, Canterbury reported net income of $22,500 and issued additional common stock for $42,500. If total stockholders' equity as of December 31, 2022 is $236,000, what was the amount of dividends declared during the year ended December 31, 2022? Multiple Choice $4,500. $33,500. $9,000. $16,750.
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