Doug Graves Cemetery Had 50,000 Shares of Common Stock Issued

question 64

Multiple Choice

Doug Graves Cemetery had 50,000 shares of common stock issued and outstanding at January 1, 2018. During 2018, Graves took the following actions: In Graves's statement of shareholders' equity for 2018, what amount should Graves report as dividends?

• A) $20,000
• B) $40,000
• C) $60,000
• D) $90,000

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