Question: Below are the current years changes in a companys account balances, except for retained earnings. Accounts payable $4,000 de crease Accounts receivable $25,000 in crease
Below are the current years changes in a companys account balances, except for retained earnings.
Accounts payable $4,000 decrease
Accounts receivable $25,000 increase
Additional paid-in capital $8,000 increase
Cash $14,000 decrease
Common stock $2,000 increase
Equipment $32,000 increase
Inventory $32,000 increase
Long-term liabilities $26,000 increase
Salaries payable $1,000 decrease
If net income was $50,000, how much did the company pay in dividends?
Format guidance: Enter whole numbers only. No dollar signs, commas, or decimal points.
Examples: 1000 or 20000
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