Assume that retained earnings increased by $3,600 from June 30, 2011, to June 30, 2012. A cash

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Assume that retained earnings increased by $3,600 from June 30, 2011, to June 30, 2012. 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: 9781930789791

10th Edition

Authors: Jefferson Williams, Roger Hermanson, James Don Edwards

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Question Posted: Jul 01, 2024 02:22 AM

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Assume that retained earnings increased by $3,600 from June 30, 2011, to June 30, 2012. A cash

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Financial Accounting A Business Perspective

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