Jensen Enterprises paid $1,300 in dividends and $920 in interest this past year Common stock increased by $1,200 and retained earnings decreased by $310 What is the net income for the year ...

The formula is Beginning Retained earnings ...

Jensen Enterprises paid $1,300 in dividends and $920 in interest this past year. Common stock increased by

Question:

Jensen Enterprises paid $1,300 in dividends and $920 in interest this past year. increased by $1,200 and retained earnings decreased by $310. What is the net income for the year?
Common Stock
Common stock is an equity component that represents the worth of stock owned by the shareholders of the company. The common stock represents the par value of the shares outstanding at a balance sheet date. Public companies can trade their stocks on...