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I need some help with a homework question. Stahl Consulting started the year with total assets of $60,000 and total liabilities of $15,000. During the
I need some help with a homework question.
Stahl Consulting started the year with total assets of $60,000 and total liabilities of $15,000. During the year, the business recorded $48,000 in catering revenues and $30,000 in expenses. Stahl made an additional investment of $9,000 and withdrew cash of $15,000 during the year. The net income reported by Stahl Consulting for the year was:
A)
$3,000.
B)
$12,000.
C)
$18,000.
D)
$27,000.
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