Which of the following accounts appears on the balance sheet of a merchandiser

service revenue

cost of goods sold

merch inventory

dividends paid

Which of the following types of accounts have a normal debit balance?

assets and dividends

liabilities and expenses

revenues and liabilities

liabilities and dividends

Our company paid $16,000 in dividends this year. The beginning and ending retained earnings balances were $46,000 and $80,000, respectively. The company issued no common stock. Calculate the companys net income for this year