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The Total Assets and the Total Liabilities of Samantha Financial

Question 132

Multiple Choice

The total assets and the total liabilities of Samantha Financial Services, are shown below. There were no capital contributions and withdrawals during the year. The total assets and the total liabilities of Samantha Financial Services, are shown below. There were no capital contributions and withdrawals during the year. What was the amount of net income for the year? A) $75,000 B) $45,000 C) $30,000 D) $120,000 What was the amount of net income for the year?


A) $75,000
B) $45,000
C) $30,000
D) $120,000

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