Question: Chapter 1&2 Quiz Question 9 9. Lena Company has provided the following data (gnore income taxes); 2016 revenues were $77,000. 2016 expenses were $48,600. Dividends

Chapter 1&2 Quiz Question 9 9. Lena Company has provided the following data (gnore income taxes); 2016 revenues were $77,000. 2016 expenses were $48,600. Dividends declared and paid during 2016 totaled $7,700. Total assets at December 31, 2016 were $185,000. Total liabilities at December 31, 2016 were $105,000. Common stock at December 31, 2016 was $27,000. Which of the following is correct? O 2016 net income was $20,700 O Retained earnings at December 31, 2016 were $20.700. O Total stockholders' equity at December 31, 2016 was $244.000. O Retained earnings at December 31, 2016 were $53,000. Type here to search

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