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How much is the net income or loss for the company

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Reference no: EM132484063

Question 1: Beginning retained earnings are $65,000; sales are $29,500; expenses are $33,000; and dividends paid are $3,500. How much is the net income or loss for the company?

Net income = Revenue - Expenses          Dividend = total dividends/net income

29,500-33,000=3,500                            3,500/3,500 = 0

Reference no: EM132484063

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