At August 1, Sadaf Oman Company reported equity of RO 70,000. During August, capital shares of RO 10,000 were issued and the company posted a net income of RO 6,000. If equity at August 31 totals RO 70,000, what amount of dividends were paid during the month? Select one: Oa RO 16,000 Ob. RO 14,000 OC RO 80,000 Od. RO 4,000
At August 1, Sadaf Oman Company reported equity of RO 70,000. During August, capital shares of RO 10,000 were issued and the company posted a net income of RO 6,000. If equity at August 31 totals RO 70,000, what amount of dividends were paid during the month? Select one: Oa RO 16,000 Ob. RO 14,000 OC RO 80,000 Od. RO 4,000
Survey of Accounting (Accounting I)
8th Edition
ISBN:9781305961883
Author:Carl Warren
Publisher:Carl Warren
Chapter2: Basic Accounting Systems: Cash Basis
Section: Chapter Questions
Problem 11CDQ: Using the January 1 and December 31, 20Y8, data given in Question 10, answer the following question:...
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