The following summary balance sheet account categories of Sun Company increased during 2013 by the amounts shown:

The only change to retained earnings during 2013 was for $26,000 of dividends.What was Sun Company's net income for 2011?
A)$34,000
B)$26,000
C)$18,000
D)$8,000

Question

The following summary balance sheet account categories of Sun Company increased during 2013 by the amounts shown:

The only change to retained earnings during 2013 was for $26,000 of dividends.What was Sun Company's net income for 2011?
A)$34,000 
B)$26,000 
C)$18,000 
D)$8,000

Quizplus · Accepted Answer

The Answer of The following summary balance sheet account categories of Sun Company increased during 2013 by the amounts shown:

The only change to retained earnings during 2013 was for $26,000 of dividends.What was Sun Company's net income for 2011?
A)$34,000 
B)$26,000 
C)$18,000 
D)$8,000

The Following Summary Balance Sheet Account Categories of Sun Company