Question
Stosch Company's balance sheet reported assets of $53,000, liabilities of $17,000 and common stock of $14,000 as of December 31, 2015. If Retained Earnings on
| Stosch Company's balance sheet reported assets of $53,000, liabilities of $17,000 and common stock of $14,000 as of December 31, 2015. If Retained Earnings on the December 31, 2016 balance sheet is $26,000 and Stosch paid a $16,000 dividend during 2016, then the amount of net income for 2016 was: |
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Financial Forensics Body Of Knowledge
Authors: Darrell D. Dorrell, Gregory A. Gadawski
1st Edition
0470880856, 978-0470880852
