Multiple Choice
Assume that Pacer Company's paid-in capital at the beginning of the period was $475,000.Pacer Company's total revenues and total expenses were $890,000 and $550,000, respectively.A dividend of $70,000 was declared and paid to shareholders.Pacer Company's net income is_____.
A) $340,000
B) $250,000
C) $390,000
D) $405,000
Correct Answer:
Verified
Correct Answer:
Verified
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