Assume that retained earnings increased by $375,000 from December 31, 2011, to December 31, 2012, for Jarvie Distribution Corporation During the year, a cash dividend of $135,000 was paid 1 Compute the net income for the year 2 Assume that the revenues for the year were $830,000 Compute the expense...

1 Increase in retained earnings 3 ...

Assume that retained earnings increased by $375,000 from December 31, 2011, to December 31, 2012, for Jarvie

Question:

Assume that retained earnings increased by $375,000 from December 31, 2011, to December 31, 2012, for Jarvie Corporation. During the year, a cash of $135,000 was paid.
1. Compute the net income for the year.
2. Assume that the revenues for the year were $830,000. Compute the expenses incurred for the year.

Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most... Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...