Multiple Choice
A company which lost part of its accounting system in a fire is having trouble determining what its net income is for the current year.The following correct adjusted balances and additional information for the current year are available: 
Additional information for the year: 
Other than earnings and the events listed above,no other events or transactions affected owners' Equity in the current year.What was net income for the current year?
A) $12,000
B) $22,000
C) $17,000
D) $16,000
Correct Answer:
Verified
Correct Answer:
Verified
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