Changes in account balances of Multi-Plus Inc during 2012 were: Increase Assets $420,000 Liabilities 125,000 Capital Stock 100,000 Additional Paid-In Capital 140,000 Retained Earnings ? Assuming that there were no charges to retained earnings other than dividends of $62,000, the net income for 2010 was:
a. ($7,000)
b. $55,000
c. $117,000
d. $257,000
e. none of the answers are correct
C
Business
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