The increases in account balances of XYZ during 2014 are presented below: Assuming the only debit to retained earnings was for a dividend of $52,000, net income for 2014 was:
A)$8,000
B)$96,000
C)$104,000
D)$68,000

Question

The increases in account balances of XYZ during 2014 are presented below:  Assuming the only debit to retained earnings was for a dividend of $52,000, net income for 2014 was:
A)$8,000 
B)$96,000 
C)$104,000 
D)$68,000

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The Answer of The increases in account balances of XYZ during 2014 are presented below:  Assuming the only debit to retained earnings was for a dividend of $52,000, net income for 2014 was:
A)$8,000 
B)$96,000 
C)$104,000 
D)$68,000

The Increases in Account Balances of XYZ During 2014 Are