Homework Answers
Answer-The correct option is D. Net Income of $34,000
Explanation:-
| Beginning Balance of Stockholders' Equity | $50,000 |
| Add: Issued Common Stock During the Year | $0 |
| Add: Net Income for the Year | $34,000 |
| $84,000 | |
| Less: Dividends Paid during the Year | $24,000 |
| Ending balance of Stockholders' Equity | $60,000 |
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