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

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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