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The net income of Thomas Corporation was $75,000 for this year. The beginning balance of stockholders' equity was $33,000 and the ending balance was
The net income of Thomas Corporation was $75,000 for this year. The beginning balance of stockholders' equity was $33,000 and the ending balance was $71,000. The company issued no common stock during the year. What was the amount of dividends distributed during the year? A. $37,000 B. $71,000 OC. $146,000 OD. $33,000.
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