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A company reports the following balances: Common Stock Paid - in Capital in Excess of Par Retained Earnings 12/31/2018 $15,000 95,000 68,000 - 12/31/2019 $165,000
A company reports the following balances: Common Stock Paid - in Capital in Excess of Par Retained Earnings 12/31/2018 $15,000 95,000 68,000 - 12/31/2019 $165,000 108.000 76,000 During 2019, dividends of $18,000 were declared and paid. What is net income for 2019? O A. $8,000 OB. $26,000 O C. $10,000 OD. $18,000
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