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?

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Stockholders' equity increased from $70,000 to $80,000. The increase of $10,000 is due to issuing common stock ($4,000) and earning net income ($14,000), totaling an increase of $18,000. To reconcile this with the actual increase in equity, $8,000 must have been paid out as dividends.

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