12 At October 1 Bennington Enterprises reported stockholders

12. At October 1, Bennington Enterprises reported stockholders\' equity of $35,000. During October, common stock of $5,000 was issued and the company posted a net loss of $3,00 were paid during the month? A) S0 B) $2,000. C) $3,000. D) $5,000. 0. If stockholders\' equity at October 31 totals $35,000, what amount of dividends opining stock 35000 Net Inc 26000

Solution

Opening common stock +/- net profit/ loss for the year+ shares issued during the year - dividend paid = closing common stock

Or 35,000-3000+5000-35,000= dividend paid

Thus dividend paid = $2000

Thus option B is correct