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The Following Changes in American Corporation's Account Balances Occurred During

Question 57

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The following changes in American Corporation's account balances occurred during 2014: The following changes in American Corporation's account balances occurred during 2014: American paid dividends of $39,000 during the year.There were no changes in Retained Earnings for 2014 except dividends and net income.What was American's net income for 2014? A) $12,000 B) $27,000 C) $39,000 D) $51,000 American paid dividends of $39,000 during the year.There were no changes in Retained Earnings for 2014 except dividends and net income.What was American's net income for 2014?


A) $12,000
B) $27,000
C) $39,000
D) $51,000

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