Question
A company reported the following asset and liability balances at the end of 2015 and 2016: 2015 2016 Total Assets $ 6,500,000 $ 7,300,000 Total
A company reported the following asset and liability balances at the end of 2015 and 2016:
| 2015 | 2016 | |||||
| Total Assets | $ | 6,500,000 | $ | 7,300,000 | ||
| Total Liabilities | 3,690,000 | 4,160,000 | ||||
During 2016, cash dividends of $76,000 were declared and paid, and common stock was issued for $97,000. What was the amount of net income for 2016?
a. $330,000.
b. $406,000.
c. $309,000.
d. $233,000.
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Transfer Pricing Audits In China
Authors: J. Li, A. Paisey
2007th Edition
0230001963, 978-0230001961
