Solution-It ended the year with155000 of retained earnings

It ended the year with155000 of retained earnings versus

Reference no: EM13573352

During 2008, BascomBakery paid out $33,525 of common dividends. It ended the year with$155,000 of retained earnings versus the prior year'sretained earnings of $159,600. How much net income did the firmearn during the year?

i) $23,719

ii) $28,057

iii) $24,008

iv) $28,925

v) $27,768

Reference no: EM13573352

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It ended the year with155000 of retained earnings versus

Reference no: EM13573352

Reference no: EM13573352

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