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E2.14 Assume the following: beginning retained earnings was $125,000 and ending retained earnings was $150,000. Cash dividends were paid in the amount of $77,000. What
E2.14 Assume the following: beginning retained earnings was $125,000 and ending retained earnings was $150,000. Cash dividends were paid in the amount of $77,000. What was net income for the year? BRE + NI - Dividends - ERE
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