At October 1, Smithson Enterprises Reported Equity of $70,000

question 214

Multiple Choice

At October 1, Smithson Enterprises reported equity of $70,000.During October, no capital shares were issued and the company earned net income of $8,000.If equity at October 31 totals $64,000, what amount of dividends were paid during the month?

• A)$0
• B)$2,000
• C)$6,000
• D)$14,000

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