Ivans inc paid 486 in dividends and 588 in interest this, Ask an Expert

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Ivan's, Inc. paid $486 in dividends and $588 in interest this past year. Common stock increased by $198 and retained earnings decreased by $124.

Required:

Question: What is the net income for the year?

$486
$950
$786
$588
$362

Note: Please describe comprehensively and provide step by step solution.

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Category:- Basic Finance
Reference No.:- M91148008

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