Multiple Choice
The following is a summary of the increases in the account categories of the balance sheet of Riley Company for the most recent fiscal year:
The only change to retained earnings during the fiscal year was for $20,000 of dividends.What was the company's net income for the fiscal year?
A) $25,000
B) $15,000
C) $5,000
D) $20,000
Correct Answer:

Verified
Correct Answer:
Verified
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