A company's retained earnings increased $375,000 last year and its assets increased $973,000. The company declared a $79,000 cash dividend during the year. What was last year's net income?
A. $296,000.
B. $375,000.
C. $454,000.
D. $519,000.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “A company's retained earnings increased $375,000 last year and its assets increased $973,000. The company declared a $79,000 cash dividend ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
A case in which people like to drink orange juice at breakfast but not before going to bed, and do not like to drink milk for breakfast but do like to going to bed is an example of A. main effect for product B. product by situation interaction C.
Answers (1)
A company uses sandpaper to prepare its product for finishing. Most manufacturers would class the sandpaper as direct material because it is physically consumed in the production process. True False.
Answers (1)
When institutions and policies provide secure property rights, a fair and balanced judicial system, monetary stability, and effective limits on the power of government, which of the following is most likely to be encouraged? (A) Rent-seeking.
Answers (1)
Ruth keeps account of her family's expenses. She keeps track of the entire family's needs and discusses with other family members about what products need to be bought.
Answers (1)
Which one of the following is not a factor that influences a business's control environment? Group of answer choices management's philosophy and operating style organizational structure proofs and security measures personnel policies
Answers (1)
New Questions in Business
A project that provides annual cash flows of $24,000 for 9 years costs $110,000 today. Under the IRR decision rule, is this a good project if the required return is 8 percent?
Answers (1)
Which of the following groups has the responsibility for identifying and deciding the appropriate accounting treatment for recording or disclosing contingent liabilities? A) Auditors B) Legal counsel C) Management D) Management and the auditors
Answers (1)
The market for gasoline has changed in a couple significant ways over the last few years: new technologies have decreased the costs associated with producing gasoline, and automobiles are becoming more fuel efficient.
Answers (1)
The inaccuracy of the grapevine has more to do with the message output than with the input. a. True b. False
Answers (2)
What was the overall effectiveness of your chosen clean-up methods? estimate how much of the spill you were able to clean using the physical method and using the chemical method.
Answers (1)