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Table 1 Jones Company Financial Infomation March 1995 Net income $1,500 Accounts receivable 750 Accumulated depreciation 1,125 Common stock 4,500 Capital surplus 7,500 Retained earnings
Table 1 Jones Company Financial Infomation March 1995 Net income $1,500 Accounts receivable 750 Accumulated depreciation 1,125 Common stock 4,500 Capital surplus 7,500 Retained earnings 1,500 Accounts payable 750 March 1996 $3,000 750 1,500 5,250 8,250 2,250 750 Based on the information given in Table 1, calculate the dividends paid in 1996. Select one: a. $3,750 b. $750 c. $3,000 d. $2,250 Next page vious page
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