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Ivan's, Incorporated, paid $500 in dividends and $595 in interest this past year. Common stock increased by $205 and retained earnings decreased by $131 .
Ivan's, Incorporated, paid
$500
in dividends and
$595
in interest this past year. Common stock increased by
$205
and retained earnings decreased by
$131
. What is the net income for the year?\ a.
$964
\ b.
$800
\ c.
$595
\ d.
$369
\ e.
$500
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