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The Changes in Account Balances of the Dunedin Corporation During

Question 29

Multiple Choice

The changes in account balances of the Dunedin Corporation during 2014 are presented below: The changes in account balances of the Dunedin Corporation during 2014 are presented below: Assuming there are no changes in retained earnings except for net income and a dividend payment of $19,500,the net income for 2014 should be A) $6,000. B) $13,500. C) $19,500. D) $25,500. Assuming there are no changes in retained earnings except for net income and a dividend payment of $19,500,the net income for 2014 should be


A) $6,000.
B) $13,500.
C) $19,500.
D) $25,500.

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