Dynamic Production Services started the year with total assets of $ 130 comma 000 and total liabilities of $ 50 comma 000. The revenues and the expenses for the year amounted to $ 140 comma 000 and $ 50 comma 000 , respectively. During the year, the company did not issue any common stock, but it distributed dividends of $ 45 comma 000. Calculate Dynamic's net income for the year.
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Home » Business » Dynamic Production Services started the year with total assets of $ 130 comma 000 and total liabilities of $ 50 comma 000. The revenues and the expenses for the year amounted to $ 140 comma 000 and $ 50 comma 000 , respectively.