Multiple Choice
During Year 5,a company's assets increase by $112,000 and its liabilities increase by $76,000.If no dividends were paid and there were no changes in the amount of common stock issued during the year,net income for Year 5 was:
A) $112,000.
B) $36,000.
C) $188,000.
D) $76,000.
Correct Answer:
Verified
Correct Answer:
Verified
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