Solved

At October 1, Smithson Enterprises Reported Equity of $70,000

Question 5

Multiple Choice

At October 1, Smithson Enterprises reported equity of $70,000.During October, capital shares of $10,000 were issued and the company posted a net loss of $6,000.If equity at October 31 totals $70,000, what amount of dividends were paid during the month?


A) $0
B) $4,000
C) $6,000
D) $10,000

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions