Changes in account balances of Multi-Plus Inc.during 2010 were: Assuming that there were no charges to retained earnings other than dividends of $62,000, the net income for 2010 was:
A) ($7,000)
B) $55,000
C) $117,000
D) $257,000
E) none of the answers are correct

Question

Changes in account balances of Multi-Plus Inc.during 2010 were:  Assuming that there were no charges to retained earnings other than dividends of $62,000, the net income for 2010 was:
A) ($7,000) 
B) $55,000 
C) $117,000 
D) $257,000 
E) none of the answers are correct

Quizplus · Accepted Answer

The Answer of Changes in account balances of Multi-Plus Inc.during 2010 were:  Assuming that there were no charges to retained earnings other than dividends of $62,000, the net income for 2010 was:
A) ($7,000) 
B) $55,000 
C) $117,000 
D) $257,000 
E) none of the answers are correct

Changes in Account Balances of Multi-Plus Inc