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Please refer to Table 31 for the following questions. Table 31 Jones Company Financial Information December 2009 December 2010 Net Income $2,000 $4,000 Accounts receivable
Please refer to Table 31 for the following questions.
Table 31 Jones Company Financial Information
| December 2009 | December 2010 |
|
|
|
Net Income | $2,000 | $4,000 |
Accounts receivable | 750 | 950 |
Accumulated depreciation | 1,000 | 1,500 |
Common stock | 4,500 | 5000 |
Paidin capital | 7,500 | 8500 |
Retained earnings | 1,500 | 3,500 |
Accounts payable | 750 | 750 |
Based on the information in Table 31, calculate the amount of dividends paid by Jones Company in 2010 (no assets were disposed of during the year, and there was no change in interest payable or taxes payable).
A. $2,500
B. $2,000
C. $4,000
D. $3,500
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