Doug Graves Cemetery had 50,000 shares of common stock issued and outstanding at January 1, 2018. During 2018, Graves took the following actions: In Graves's statement of shareholders' equity for 2018, what amount should Graves report as dividends?
A) $20,000
B) $40,000
C) $60,000
D) $90,000

Question

Doug Graves Cemetery had 50,000 shares of common stock issued and outstanding at January 1, 2018. During 2018, Graves took the following actions:  In Graves's statement of shareholders' equity for 2018, what amount should Graves report as dividends?
A) $20,000 
B) $40,000 
C) $60,000 
D) $90,000

Quizplus · Accepted Answer

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Doug Graves Cemetery Had 50,000 Shares of Common Stock Issued