Assume that retained earnings increased by $3,600 from June .M). 1999, to June 30. 2000. A cash

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Assume that retained earnings increased by $3,600 from June .M). 1999, to June 30. 2000. A cash dividend of $300 was declared and paid during the year.

a. Compute the net income for the year.

b. Assume expenses for the year were $9,000. Compute the revenue for the year.

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Accounting A Business Perspective

ISBN: 9780075615859

7th Edition

Authors: Roger H. Hermanson, James Don Edwards, Michael W. Maher

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Question Posted: Jun 28, 2024 10:03 AM

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Assume that retained earnings increased by $3,600 from June .M). 1999, to June 30. 2000. A cash

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Accounting A Business Perspective

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