During 2015,Bascom Bakery Paid Out $33,525 of Common Dividends

question 103

Multiple Choice

During 2015,Bascom Bakery paid out $33,525 of common dividends.It ended the year with $260,000 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) $123,211
• B) $154,014
• C) $156,692
• D) $133,925
• E) $107,140

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Adam

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The action of using someone or something as a model and emulating their behavior, actions, or techniques.