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Determine alpha company the net income

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Problem - Alpha's Company's Fiscal Year 2017 Statement of Cash Flows reflected information that cash provided by operating activities was $800,000. The Fiscal Year 12/31/17 Balance Sheet showed the value of Retained Earnings to be $625,000. The following additional information was provided:

Depreciation Expense $380,000
Common Stock Dividends 200,000
Accounts Receivable increase 110,000
Accounts Payable decrease 60,000

Use this information and determine Alpha Company's: show your work

a. the Net Income (Net Loss) the 2017 Fiscal Year.

b. the beginning balance for Retained Earnings

Reference no: EM131723773

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