Use the Following Information for Questions

question 85

Multiple Choice

Use the following information for questions
Kareem's Rental Ltd.started the year with total assets of $70,000 and total liabilities of $40,000.During the year, the business recorded $100,000 in car repair revenues, $65,000 in expenses, and paid dividends of $5,000.
-The profit reported for the year was

• A)$30,000.
• B)$35,000.
• C)$20,000.
• D)$100,000.

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Definitions:

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A person who is second in command in an organization, government, or corporation, directly below the president.