Multiple Choice
During 2019, Duncan Company's total assets increased $100,000, and total liabilities decreased $60,000. During the same year, the company's investors invested an additional $120,000 and the company paid dividends of $60,000.
What must have been the company's net income for 2019?
A) $100,000
B) $ 60,000
C) $ 80,000
D) $ 40,000
Correct Answer:
Verified
Correct Answer:
Verified
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