Question
A company's retained earnings increased $377,000 last year and its assets increased $975,000. The company declared a $62,000 cash dividend during the year. What was
A company's retained earnings increased $377,000 last year and its assets increased $975,000. The company declared a $62,000 cash dividend during the year. What was last year's net income?
$439,000
$315,000
$536,000
$377,000
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Financial And Managerial Accounting For MBAs
Authors: Peter D. Easton
6th Edition
1618533592, 9781618533593
