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

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Assume that retained earnings increased by $3,600 from June 30, 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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Financial Accounting A Business Perspective

ISBN: 9780072289985

7th Edition

Authors: Roger H. Hermanson, James Don Edwards

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Question Posted: Jun 12, 2024 10:12 AM

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

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Financial Accounting A Business Perspective

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