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A Company Reported the Following Asset and Liability Balances at the End

Question 59

Multiple Choice

A company reported the following asset and liability balances at the end of 2018 and 2019: A company reported the following asset and liability balances at the end of 2018 and 2019: If the company paid dividends totaling $5,000,what is the amount of net income for 2019? A) $20,000. B) $105,000. C) $80,000. D) $25,000. If the company paid dividends totaling $5,000,what is the amount of net income for 2019?


A) $20,000.
B) $105,000.
C) $80,000.
D) $25,000.

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