A Company Reports the Following Balances: During 2019,dividends of $16,000

question 137

Multiple Choice

A company reports the following balances: During 2019,dividends of $16,000 were declared and paid.What is net income for 2019?

• A)$4000
• B)$12,000
• C)$16,000
• D)$28,000

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Definitions:

Assimilation

The cognitive process of fitting new information into pre-existing cognitive schemas, perceptions, and understanding.

Schema

A cognitive framework or concept that helps organize and interpret information.

Grasping

The act of taking hold of something firmly with the hands or arms, which is also a reflex seen in newborns.

Object Permanence

The understanding that objects continue to exist even when they cannot be seen, heard, or otherwise sensed, a concept developed in early infancy.