Ending Liabilities Are 67,000,Beginning Equity Was $87,000,Common Stock Sold During

question 179

Multiple Choice

Ending Liabilities are 67,000,Beginning Equity was $87,000,Common Stock sold during year totaled $31,000,Expenses for the year were $22,000,Dividends declared totaled $13,000,Ending Equity for the year is $181,000 and Beginning Assets for the year were $222,000.
What was Net Income for the year?

• A)$ 41,000
• B)$ 76,000
• C)$ 53,000
• D)$ 98,000
• E)$ 35,000

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Definitions:

Feminist Therapy

A therapeutic approach that emphasizes understanding the psychological impact of gender roles and societal gender inequalities on individuals' mental health.

Gender-sensitive Therapy

A therapeutic approach that considers and respects the client's gender identity, experiences, and the impact of gender-based issues and norms.

Discrimination

The unjust or prejudicial treatment of different categories of people, especially on the grounds of race, age, gender, or disability.

Subservient Position

A status or role that is lower in hierarchy or importance, often implying a degree of obedience or subordination to another.