Homework Answers
Increase in total assets = $2,000
Decrease in total liabilities = $6,000
Dividends = $10,000
Net income = ?
Increase in stockholders equity = Increase in total assets+ Decrease in total liabilities
= 2,000+6,000
= $8,000
Net income = Dividends + Increase in stockholders equity
= 10,000+8,000
= $18,000
Correct option is C.
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