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Which comprehensive income is equal to net income

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Problem 1: During the year, Total Assets decreaseddecreased by $ 50,000, while Total Liabilities by $ 25,000. If "contributed capital" was unchanged during the year (i.e. no stock was issued by the firm nor was any repurchased), and Comprehensive Income is equal to Net Income, we are able to conclude which of the following:

A. Net Income for the year was negative

B. No Dividends were declared and paid during the year

C. Both A and B are true statements

D. None of the above

Reference no: EM132696901

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