Multiple Choice
Ending Liabilities are 67,000,Beginning Equity was $87,000,Common Stock sold during year totaled $31,000,Expenses for the year were $22,000,Dividends declared totaled $13,000,Ending Equity for the year is $181,000 and Beginning Assets for the year were $222,000.
What was Net Income for the year?
A) $ 41,000
B) $ 76,000
C) $ 53,000
D) $ 98,000
E) $ 35,000
Correct Answer:

Verified
Correct Answer:
Verified
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