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During 2019, Wayneright Company's Total Assets Increased $75,000, and Total

Question 26

Multiple Choice

During 2019, Wayneright Company's total assets increased $75,000, and total liabilities decreased $45,000. During the same year, the company's investors invested an additional $90,000 and the company paid dividends of $45,000.
What must have been the company's net income for 2019?


A) $75,000
B) $45,000
C) $60,000
D) $30,000

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