Univeo,Inc.had revenues of $245,000,expenses of $180,000,and dividends of $45,000 during 2015.Which of the following statements is correct?
A) Net income for 2015 totaled $65,000.
B) Net income for 2015 totaled $20,000.
C) Total retained earnings increased by $65,000 during 2015.
D) Total retained earnings decreased by $20,000 during 2015.
Correct Answer:
Verified
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