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Team Shirts,Inc

Question 123

Multiple Choice

Team Shirts,Inc.had the following balances on its balance sheet: Team Shirts,Inc.had the following balances on its balance sheet: During 2012,Team Shirts issued $20,000 of new stock and paid $10,000 of dividends.The amount of net income for 2012 was ________. A) $290,000 B) $310,000 C) $90,000 D) $10,000 During 2012,Team Shirts issued $20,000 of new stock and paid $10,000 of dividends.The amount of net income for 2012 was ________.


A) $290,000
B) $310,000
C) $90,000
D) $10,000

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