The Beginning Balance of Retained Earnings Was $800,000, and the Ending

question 50

Essay

The beginning balance of retained earnings was $800,000, and the ending balance was $500,000. The company paid dividends of $50,000.
A)Determine the amount of net income (loss) for the year.
B)What information would one find on the income statement in addition to net income?

• A)Determine the amount of net income (loss) for the year.
• B)What information would one find on the income statement in addition to net income?

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