Question
Lansing Limited had a beginning balance in its Retained Earnings account of $385,700. During the year, the company declared and paid a $4,720 dividend, and
| Lansing Limited had a beginning balance in its Retained Earnings account of $385,700. During the year, the company declared and paid a $4,720 dividend, and at the end of the year, it reported Retained Earnings of $400,060. The company's net income for the year was: |
a. $9,640.
b. $14,360.
c. $19,080.
d. $0.
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Quality Auditing A Tool For Excellence
Authors: David Mills, J. Mills
1st Edition
041245890X, 978-0412458903
