Multiple Choice
The net income of Thomas Corporation was $71,000 for this year. The beginning balance of stockholders' equity was $33,000 and the ending balance was $72,000. The company issued no common stock during the year. What was the amount of dividends distributed during the year?
A) $72,000
B) $32,000
C) $143,000
D) $33,000
Correct Answer:
Verified
Correct Answer:
Verified
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