Use This Financial Statement to Answer the Following Question(s)

question 17

Multiple Choice

Use this financial statement to answer the following question(s) :

-Refer to the financial statement above.Assume that this is the company's first year of business.During the year,the company paid $1,000 in dividends to its owner.Net income for the year must have been ________.

• A)$500
• B)$2,000
• C)$1,500
• D)$3,000

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Definitions:

Prescribes

The act of a medical practitioner recommending or ordering the use of a specific treatment or medication.

Dispenses

The act of distributing or providing medications, supplies, or other commodities as required.

Complementary and Alternative Medicine

Various medical practices and products not traditionally part of conventional medicine, aiming to improve health and well-being.

Electronically Transmitted

The process of sending or receiving data over electronic networks, including the internet.