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QUESTION
At October 1, Bennington Enterprises reported stockholders' equity of $35,000. During October, the common stock of $2,000 and the company earned net...
At October 1, Bennington Enterprises reported stockholders' equity of $35,000. During October, the common stock of $2,000 and the company earned net income of $6,000. If stockholders’ equity at October 31 totals $40,000, what amount of dividends were paid during the month?
