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Jensen Enterprises Paid $1,300 in Dividends and $920 in Interest

Question 49

Multiple Choice

Jensen Enterprises paid $1,300 in dividends and $920 in interest this past year.Common stock increased by $1,200 and retained earnings decreased by $310.What is the net income for the year?


A) -$210
B) $990
C) $1,610
D) $1,910
E) $2,190

Correct Answer:

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