The beginning balance of retained earnings was $630,000, and the ending balance was $650,000.The company declared and paid dividends of $60,000.
A) Determine the amount of net income for the year.
B) What information would one find on the income statement in addition to net income?

Question

The beginning balance of retained earnings was $630,000, and the ending balance was $650,000.The company declared and paid dividends of $60,000.
​ A) Determine the amount of net income for the year.
B) What information would one find on the income statement in addition to net income?

Quizplus · Accepted Answer

The Answer of The beginning balance of retained earnings was $630,000, and the ending balance was $650,000.The company declared and paid dividends of $60,000.
​ A) Determine the amount of net income for the year.
B) What information would one find on the income statement in addition to net income?

The Beginning Balance of Retained Earnings Was $630,000, and the Ending