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A company reports the following balances: 12/31/2018 12/31/2019 Common Stock $14,000 $160,000 Paid - in Capital in Excess of Par 94,000 114,000 Retained Earnings 69,000
A company reports the following balances: 12/31/2018 12/31/2019 Common Stock $14,000 $160,000 Paid - in Capital in Excess of Par 94,000 114,000 Retained Earnings 69,000 81,000 During 2019, dividends of $16,000 were declared and paid. What is net income for 2019? A. $16,000 O B. $4,000 OC. $28,000 OD. $12,000
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Managerial Accounting
Authors: Karen Wilken Braun, Wendy Tietz, Walter Harrison, Rhonda Pyp
1st Canadian Edition
978-0132490252, 132490250, 978-0176223311
