At October 1, Arcade Fire Enterprises reported stockholders' equity of $70,000. During October, no stock was issued and the company earned net income of $18,000. If stockholders' equity at October 31 totals $78,000, what amount of dividends were paid during the month?
A) $0
B) $8,000
C) $10,000
D) $26,000

Question

Quizplus · Accepted Answer

The Answer of At October 1, Arcade Fire Enterprises reported stockholders' equity of $70,000. During October, no stock was issued and the company earned net income of $18,000. If stockholders' equity at October 31 totals $78,000, what amount of dividends were paid during the month?
A) $0
B) $8,000
C) $10,000
D) $26,000

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