Multiple Choice
The income statement for August indicates net income of $50,000. The corporation also paid $10,000 in dividends during the same period. If there was no beginning balance in stockholders' equity, what is the ending balance in stockholders' equity?
A) $40,000
B) $50,000
C) $10,000
D) $60,000
Correct Answer:
Verified
Correct Answer:
Verified
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