ACCT 201-Stosch Company’s balance sheet reported assets

by | Mar 18, 2020 | Uncategorized

  

Stosch Company’s balance sheet reported assets of $77,000, liabilities of $22,000 and common stock of $19,000 as of December 31, 2015. If Retained Earnings on the December 31, 2016 balance sheet is $46,000 and Stosch paid a $21,000 dividend during 2016, then the amount of net income for 2016 was which of the following

$31,000
$36,000
$10,000

$21,000

  

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