Business, 14.01.2020 00:31 kayladvine

Pelican, inc. had revenues of $395,000, expenses of $155,000, and dividends of $54,000 during the current year. based on the given information, which of the following statements is true?

a. net income for the current year totaled $186,000.
b. total retained earnings decreased by $186,000 during the current year.
c. total retained earnings increased by $240,000 during the current year.
d. net income for the current year totaled $240,000

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Pelican, inc. had revenues of $395,000, expenses of $155,000, and dividends of $54,000 during the cu...

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