uction Services started the year with total assets of and total liabilities of . The revenues and the expenses for the year amounted to and , respectively. During the year, the company did not issue any common stock, but it distributed dividends of . Calculate Dynamic's net income for the year.

$20,000

Explanation:

Net Income is the amount from revenue that the company made over expenses. It is therefore;

= Revenue - Expenses

= 110,000 - 90,000

= $20,000

Note: Dividends are not considered in the calculation of Net Income as they are not expenses.

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the answer is b hope you pass