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RUFF 5ANDPAPER CO -Common Stock Dividends Paid in 2003 Amounted to
A) $150

question 7

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RUFF 5ANDPAPER CO.
Balance Sheets
For the Years Ended 2002 and 2003

20032002 Assets  Cash 800600 Marketable securities 200200 Accounts receivable 1,2001,000 Inventories 2,0001,800 Gross fixed asset 3,0002,800 Less Accumulated amortization 1,000800 Net fixed assets 2,0002,000 Total assets 6,2005,600 Liabilities  Accounts payable 200100 Notes payable 800900 Accruals 100100 Long-term debt 2,0001,500 Stockholders’ equity  Common stock 2,5002,500 Retained eamings 600500 Total liabilities and equity 6,2005,600\begin{array}{lrr}&2003&2002\\\hline\text { Assets }\text { Cash } & 800 & 600 \\\text { Marketable securities } & 200 & 200 \\\text { Accounts receivable } & 1,200 & 1,000 \\\text { Inventories } & 2,000 & 1,800 \\\text { Gross fixed asset } & 3,000 & 2,800\\\text { Less Accumulated amortization }&1,000&800\\\text { Net fixed assets }&2,000&2,000\\&---&---\\\text { Total assets }&6,200&5,600\\\\\text { Liabilities }\\\text { Accounts payable } & 200 & 100 \\\text { Notes payable } & 800 & 900 \\\text { Accruals } & 100 & 100 \\\text { Long-term debt } & 2,000 & 1,500\\\text { Stockholders' equity }\\\text { Common stock } & 2,500 & 2,500 \\\text { Retained eamings } & 600 & 500\\&---&----\\\text { Total liabilities and equity }&6,200&5,600\end{array}
-Common stock dividends paid in 2003 amounted to

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Definitions:

Sellers

Individuals or entities involved in the provision of goods or services in exchange for payment within a marketplace.

Per-Unit Tax

A tax that is imposed on a product based on a fixed amount per unit sold.

Units Sold

The total quantity of a product that is sold within a given period.

Per-Unit Tax

A tax applied to a product based on the quantity sold, rather than the value, often leading to a direct increase in the product's price.

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