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Calculate the net income reported by stahl consulting

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Reference no: EM132104549

Question - Stahl Consulting started the year with total assets of $60,000 and total liabilities of $15,000. During the year, the business recorded $48,000 in catering revenues and $30,000 in expenses. Stahl made an additional investment of $9,000 and withdrew cash of $15,000 during the year. The net income reported by Stahl Consulting for the year was:

A) $3,000.

B) $12,000.

C) $18,000.

D) $27,000.

Reference no: EM132104549

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