A Company's Retained Earnings Increased $375,000 Last Year and Its

question 4

Multiple Choice

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.