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Business, 15.04.2020 04:09 jrstrom9090

During 2008, Bascom Bakery paid out $33,525 of common dividends. It ended the year with $155,000 of retained earnings versus the prior year’s retained earnings of $159,600. How much net income did the firm earn during the year?

A) $27,768
B) $28,925
C) $28,057
D) $23,719
E) $24,008

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During 2008, Bascom Bakery paid out $33,525 of common dividends. It ended the year with $155,000 of...
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