Question
The beginning and ending balances of retained earnings for the year were $50,000 and $65,000 respectively. If dividend payments during the year were $4,000, determine
The beginning and ending balances of retained earnings for the year were $50,000 and $65,000 respectively. If dividend payments during the year were $4,000, determine the net income or net loss for the year.
A) 19,000 net loss
B)19,000 net income
C)15,000 net income
D) 11,000 net income
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Certificate Of Cloud Auditing Knowledge Study Guide
Authors: Isaca
1st Edition
1604208619, 978-1604208610
