Question
Vandever Company's balance sheet reported assets of $77,000, liabilities of $22,000 and common stock of $19,000 as of December 31, 2012. If Retained Earnings on
| Vandever Company's balance sheet reported assets of $77,000, liabilities of $22,000 and common stock of $19,000 as of December 31, 2012. If Retained Earnings on the December 31, 2013 balance sheet is $46,000 and Vandever paid a $21,000 dividend during 2013, then the amount of net income for 2013 was which of the following? |
$10,000
$36,000
$31,000
None of these
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Implementing And Auditing The Internal Control System
Authors: D. Chorafas
2001edition
0333929365, 978-0333929360
