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

Multiple Choice

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?

A) $0
B) $4,000
C) $8,000
D) $10,000