At the beginning of the year, paid-in capital was $82 and retained earnings were $47. During the
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Question:
- At the beginning of the year, paid-in capital was $82 and retained earnings were $47.
- During the year, shareholders invested $24 and dividends of $6 were declared and paid.
- Retained earnings at the end of the year were $52.
What was the net income for the year ?
Related Book For
Intermediate Accounting Reporting and Analysis
ISBN: 978-1285453828
2nd edition
Authors: James M. Wahlen, Jefferson P. Jones, Donald Pagach
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