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12 January, 06:36

Makers Corp. had additions to retained earnings for the year just ended of $395,000. The firm paid out $195,000 in cash dividends, and it has ending total equity of $5.3 million. What is the net income?

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  1. 12 January, 09:56
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    Net income=Additions to retained earnings+Dividends

    Net income=395,000+195,000

    Net income=590,000
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