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Use This Financial Statement to Answer the Following Question(s)

Question 17

Multiple Choice

Use this financial statement to answer the following question(s) :
Use this financial statement to answer the following question(s) : -Refer to the financial statement above.Assume that this is the company's first year of business.During the year,the company paid $1,000 in dividends to its owner.Net income for the year must have been ________. A) $500 B) $2,000 C) $1,500 D) $3,000
-Refer to the financial statement above.Assume that this is the company's first year of business.During the year,the company paid $1,000 in dividends to its owner.Net income for the year must have been ________.


A) $500
B) $2,000
C) $1,500
D) $3,000

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