Computing Net Income Using Retained Earnings
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I am having trouble trying to figure out net income for a company if the company had 100,000 shares of common stock with a balance of 185,000, retained earnings of 710,000 with stockholders equity of 895,000. The company paid a dividend of $80,000 and had $795,000 at the end of the year retained earnings?
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Solution Summary
This solution illustrates how to compute net income using information about retained earnings.
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