At October 1, Arcade Fire Enterprises Reported Stockholders' Equity of $70,000

question 128

Multiple Choice

At October 1, Arcade Fire Enterprises reported stockholders' equity of $70,000. During October, common stock of $4,000 was issued and the company earned net income of $14,000. If stockholders' equity at October 31 totals $80,000, what amount of dividends were paid during the month?

• A) $0
• B) $4,000
• C) $8,000
• D) $10,000

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Robert Greenleaf

An American essayist and management consultant who originated the concept of "servant leadership," focusing on serving others as the primary goal of leadership.

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