Question
A company reported the following asset and liability balances at the end of 2013 and 2014: During 2014, cash dividends of $50,000 were declared and
A company reported the following asset and liability balances at the end of 2013 and 2014: During 2014, cash dividends of $50,000 were declared and paid, and common stock was issued for $100,000. How much was the 2014 net income?
| A. | $400,000 | |
| B. | $480,000 | |
| C. | $350,000 | |
| D. | $300,000 |
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Connect 2-semester For Auditing & Assurance Services A Systematic Approach
Authors: Author
10th Edition
1259292045, 9781259292040
