Solution-What amount of dividends were paid during the month

What amount of dividends were paid during the month

Reference no: EM132644919

Question - At October 1, Sunland Enterprises reported stockholders' equity of $69100. During October, common stock of $4100 was issued and the company earned net income of $14400. If stockholders' equity at October 31 totals $80400, what amount of dividends were paid during the month?

a. $11300

b. $7200

c. $3100

d. $0

Reference no: EM132644919

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What amount of dividends were paid during the month

Reference no: EM132644919

Reference no: EM132644919

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