Question
A company reports a retained earnings balance of $3,000 for 2009. In 2008 the balance was $2,500. Between those years they paid $100 in preferrred
A company reports a retained earnings balance of $3,000 for 2009. In 2008 the balance was $2,500.
Between those years they paid $100 in preferrred stock dividends and $200 in common dividends.
Given that information, what must have been their net income for 2009?
| a. $200 | |
| b. $300 | |
| c. $600 | |
| d. $800 |
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Fundamentals of Financial Management
Authors: Eugene F. Brigham
Concise 9th Edition
1305635937, 1305635930, 978-1305635937
