What is the net income-dividends

Reference no: EM13258401

                                  Total Assets    Total Liabilities
Beginning of the year        $100,000         $50,000
End of theyear    $500,000 $350,000

Refer to Exhibit (above).

What is net income assuming $50,000 of stock was issued, and $25,000 of dividends were paid?

a. $75,000
b. $50,000
c. $70,000
d. $10,000

Reference no: EM13258401

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