Presented below are changes in the account balances of Wenn Company during the year, except for retained

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Presented below are changes in the account balances of Wenn Company during the year, except for retained earnings.

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The only entries in Retained Earnings were for net income and a dividend declaration of $12,000.
Compute the net income for the current year.
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Intermediate Accounting

ISBN: 978-0176509736

10th Canadian Edition, Volume 1

Authors: Donald Kieso, Jerry Weygandt, Terry Warfield, Nicola Young,

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