On January 1, 2015, Cat Power Company reported stockholders' equity of $705,000. During the year, the company paid dividends of $30,000. At December 31, 2015, the amount of stockholders' equity was $825,000. What amount of net income or net loss would the company report for 2015?
A)Net loss of $30,000
B)Net income of $90,000
C)Net income of $120,000
D)Net income of $150,000

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The Answer of On January 1, 2015, Cat Power Company reported stockholders' equity of $705,000. During the year, the company paid dividends of $30,000. At December 31, 2015, the amount of stockholders' equity was $825,000. What amount of net income or net loss would the company report for 2015?
A)Net loss of $30,000
B)Net income of $90,000
C)Net income of $120,000
D)Net income of $150,000

On January 1, 2015, Cat Power Company Reported Stockholders' Equity