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

Question

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

Quizplus · Accepted Answer

The Answer of 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