At October 1, Smithson Enterprises reported equity of $210,000. During October, capital shares of $30,000 were...
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At October 1, Smithson Enterprises reported equity of $210,000. During October, capital shares of $30,000 were issued and the company posted a net income of $18,000. If equity at October 31 totals $246,000, what amount of dividends were paid during the month? a. $0 b. $12,000 c. $18,000 d. $30,000 At October 1, Smithson Enterprises reported equity of $210,000. During October, capital shares of $30,000 were issued and the company posted a net income of $18,000. If equity at October 31 totals $246,000, what amount of dividends were paid during the month? a. $0 b. $12,000 c. $18,000 d. $30,000
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Financial management theory and practice
ISBN: 978-0324422696
12th Edition
Authors: Eugene F. Brigham and Michael C. Ehrhardt
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