Q1:
The total assets and the total liabilities of a business at the
beginning and at the end of the year appear below. During the year,
the corporation paid cash dividends of $24,000 and the stockholders
made an additional investment of $15,000.
Assets Liabilities
Beginning of year $395,000 $190,000
End of year 555,000 320,000
The amount of net income or net loss for the year was
Group of answer choices
net income of $54,000.
net income of $30,000.
net loss...