A Company Reported the Following Asset and Liability Balances at the End

question 59

Multiple Choice

A company reported the following asset and liability balances at the end of 2018 and 2019: If the company paid dividends totaling $5,000,what is the amount of net income for 2019?

• A)$20,000.
• B)$105,000.
• C)$80,000.
• D)$25,000.