Parker,Inc.had a beginning balance in its Retained Earnings account of $192,800.During the year,the company declared and paid a $2,350 dividend and,at the end of the year,it reported Retained Earnings of $199,930.The company's net income for the year was:
A) $7,130.
B) $9,480.
C) $4,780.
D) $0.
Correct Answer:
Verified
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