I need help on this this is 22 points I need help on question 7&8
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Business, 07.10.2020 01:01 westjayson69
I need help on this this is 22 points I need help on question 7&8
Answers: 2
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Stosch company's balance sheet reported assets of $112,000, liabilities of $29,000 and common stock of $26,000 as of december 31, year 1. if retained earnings on the balance sheet as of december 31, year 2, amount to $74,000 and stosch paid a $28,000 dividend during year 2, then the amount of net income for year 2 was which of the following? a)$23,000 b) $35,000 c) $12,000 d)$42,000
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