The beginning balance of retained earnings was $800,000,and the ending balance was $500,000.The company paid dividends of $50,000.
A) Determine the amount of net income (loss) for the year.

Question

The beginning balance of retained earnings was $800,000,and the ending balance was $500,000.The company paid dividends of $50,000.
 A) Determine the amount of net income (loss) for the year.

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The Answer of The beginning balance of retained earnings was $800,000,and the ending balance was $500,000.The company paid dividends of $50,000.
 A) Determine the amount of net income (loss) for the year.

The Beginning Balance of Retained Earnings Was $800,000,and the Ending