A company reported the following asset and liability balances at the end of 2015 and 2016: If the company paid dividends totaling $5,000, what is the amount of net income for 2016?
A)$20,000.
B)$105,000.
C)$80,000.
D)$25,000.

Question

A company reported the following asset and liability balances at the end of 2015 and 2016:  If the company paid dividends totaling $5,000, what is the amount of net income for 2016?
A)$20,000. 
B)$105,000. 
C)$80,000. 
D)$25,000.

Quizplus · Accepted Answer

The Answer of A company reported the following asset and liability balances at the end of 2015 and 2016:  If the company paid dividends totaling $5,000, what is the amount of net income for 2016?
A)$20,000. 
B)$105,000. 
C)$80,000. 
D)$25,000.

A Company Reported the Following Asset and Liability Balances at the End