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What was the net income for the period for hunt inc

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Question 1: Hunt Inc. had total assets and total liabilities at the beginning of the period of $7,300,000 and $4,000,000. At the end of the period, the totals were 8,000,000 (assets) and $3,600,000 (liabilities). The company issued Common stock for $600,000 and paid dividends of $250,000. What was the net income for the period if there were no other changes affecting Stockholders Equity?

a) $750,000
b) $350,000
c) $250,000
d) $500,000

 

Reference no: EM132873184

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