Purrfect Pets had a beginning balance in its retained earnings account of $385,600. During the year, the
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Purrfect Pets had a beginning balance in its retained earnings account of $385,600. During the year, the company declared and paid a $4,700 dividend, and at the end of the year, it reported retained earnings of $399,860. The company's net income for the year was:
A. $14,260.
B. $18,960.
C. $9,560.
D. $0
Related Book For
Horngrens Financial and Managerial Accounting
ISBN: 978-0133866292
5th edition
Authors: Tracie L. Nobles, Brenda L. Mattison, Ella Mae Matsumura
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