The changes in the account balances and the following additional information are taken from the accounts of the Crush Co.
Dividends for 2014 were $82,500.There were no transactions in 2014 affecting retained earnings other than the dividends and net income.Calculate the 2014 net income.
Definitions:
Psychodynamic
An outlook in psychology that prioritizes exploring the mental dynamics that drive human behavior, emotions, and sentiments, linking them to experiences from one’s early years.
Sociocultural
Pertaining to the combination of social and cultural factors and their influence on individual behaviors, attitudes, and identities.
Biological
Relating to the science of life or living organisms, particularly their structure, function, growth, origin, evolution, and distribution.
Existential
Pertaining to a philosophical approach that emphasizes individual freedom, choice, and responsibility in creating meaning in life.
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