Suster Company has a retained earnings balance of $170,000 at the beginning of the period. At the
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Suster Company has a retained earnings balance of
$170,000 at the beginning of the period. At the end of the period, the retained earnings balance was $222,000.
Assuming a dividend of $25,000 was declared and paid during the period, the net income for the period was:
a. $27,000.
b. $52,000.
c. $77,000.
d. $197,000.
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Related Book For
Financial Accounting Text Only
ISBN: 9780006575405
5th Edition
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel
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