During 2012,Bascom Bakery Inc

question 91

Multiple Choice

During 2012,Bascom Bakery Inc.paid out $21,750 of common dividends.It ended the year with $187,500 of retained earnings versus the prior year's retained earnings of $132,250.How much net income did the firm earn during the year?

• A)$77,000
• B)$80,850
• C)$84,893
• D)$89,137

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