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What the estimated net income is closest to

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Question 1: Beginning retained earnings $40,000, Ending retained earnings $58,000 and Dividends paid $16,000. Based on the information given above, the estimated net income is closest to:

A. $2,000.

B. $24,000.

C. $34,000.

D. $40,000.

Reference no: EM132599314

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