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The Following Data Are Extracted from the Stockholders' Equity Section

question 37

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The following data are extracted from the stockholders' equity section of the balance sheet of Guthrie Corporation: The following data are extracted from the stockholders' equity section of the balance sheet of Guthrie Corporation:   During 2014,the corporation declared and paid cash dividends of $7,500 and also declared and issued a stock dividend.There were no other changes in stock issued and outstanding during 2014.Net income for 2014 was A)  $2,300. B)  $9,800. C)  $10,800. D)  $14,800. During 2014,the corporation declared and paid cash dividends of $7,500 and also declared and issued a stock dividend.There were no other changes in stock issued and outstanding during 2014.Net income for 2014 was


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