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The Following Is a Summary of the Increases in the Account

Question 80

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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 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 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

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