The changes in the account balances and the following additional information are taken from the accounts of the Coalition Co.

Dividends for 2015 were $82,500.There were no transactions in 2015 affecting retained earnings other than the dividends and net income.Calculate the 2015 net income.

Question

The changes in the account balances and the following additional information are taken from the accounts of the Coalition Co.
  
Dividends for 2015 were $82,500.There were no transactions in 2015 affecting retained earnings other than the dividends and net income.Calculate the 2015 net income.

Quizplus · Accepted Answer

The Answer of The changes in the account balances and the following additional information are taken from the accounts of the Coalition Co.
  
Dividends for 2015 were $82,500.There were no transactions in 2015 affecting retained earnings other than the dividends and net income.Calculate the 2015 net income.

The Changes in the Account Balances and the Following Additional