A Company Had the Following Assets and Liabilities at the Beginning

question 172

Multiple Choice

A company had the following assets and liabilities at the beginning and end of the current year:

Common stock in the amount of $15,000 was issued and dividends of $5,000 were paid during the year.What is the amount of net income for the year?

• A) $44,000.
• B) $34,000.
• C) $24,000.
• D) $54,000.

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