During 2018,Bascom Bakery Paid Out $33,525 of Common Dividends

question 68

Multiple Choice

During 2018,Bascom Bakery paid out $33,525 of common dividends.It ended the year with $187,500 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) $55,897
• B) $49,140
• C) $47,297
• D) $61,425
• E) $63,882

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