During the year a company had sales of 800000 expenses of, Ask an Expert

Finance

During the year, a company had sales of $800,000, expenses of $300,000, and it declared and paid dividends of $250,000. The company began the year with retained earnings of $150,000.

a. What was the comapny's net income for the year? Show your work.

b. What was the amount of retained earnings at the end of the year? Show your work.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92781732

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