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The Following Changes in Patriot Corporation's Account Balances Occurred During

Question 33

Multiple Choice

The following changes in Patriot Corporation's account balances occurred during 2011:
The following changes in Patriot Corporation's account balances occurred during 2011: Patriot paid dividends of $39,000 during the year. There were no changes in Retained Earnings for 2011 except dividends and net income. What was Patriot's net income for 2011? A) $12,000 B) $27,000 C) $39,000 D) $51,000
Patriot paid dividends of $39,000 during the year. There were no changes in Retained Earnings for 2011 except dividends and net income. What was Patriot's net income for 2011?


A) $12,000
B) $27,000
C) $39,000
D) $51,000

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