On October 1, Arcade Fire Enterprises reported stockholders' equity of $35,000. During October, no stock was issued and the company earned net income of $9,000. If stockholders' equity at October 31 totals $39,000, what amount of dividends were paid during the month?

a). $0

b). $4,000

c).$5,000

d).$13,000

Answer rating: 100% (QA)

Dividends paid 5000 Solution Closing equity Opening equity b... View the full answer