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Use the Following Information for Questions 60,000€ 60,000 And Total Liabilities Of

Question 176

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Use the following information for questions . Stahl Consulting started the year with total assets of 60,000€ 60,000 and total liabilities of 15,000€ 15,000 . During the year, the business recorded 48,000€ 48,000 in catering revenues and 24,000€ 24,000 in expenses. Stahl issued ordinary shares of 9,000€ 9,000 and paid dividends of 15,000€ 15,000 during the year.
-The net income reported by Stahl Consulting for the year was:


A) 48,000€ 48,000 .
B) 33,000€ 33,000 .
C) 24,000€ 24,000 .
D) 9,000€ 9,000

Correct Answer:

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