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  1. business
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  3. 3. during the year 2020, gloria company's total as

3. During the year 2020, Gloria Company's Total Assets increased $25,000, and Total liabilities decreased...

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Accounting

3. During the year 2020, Gloria Company's Total Assets increased $25,000, and Total liabilities decreased $15,000. During the same year, the company's investors invested an additional $30,000 and the company paid dividends of $5,000. What must have been the company's Net Income for 2020? A) $25,000 B) $10,000 C) $15,000 D) $20,000
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3. During the year 2020, Gloria Company's Total Assets increased $25,000, and Total liabilities decreased $15,000. During the same year, the company's investors invested an additional $30,000 and the company paid dividends of $5,000. What must have been the company's Net Income for 2020 ? A) $25,000 B) $10,000 C) $15,000 D) $20,000

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