What top corporation net income for the year was

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Question 1: Jet Corporation's Retained Earnings decreased by $800,000 during the year. Also during the year, dividends were paid to shareholders. The opening balance of Retained Earnings for the period was $1,900,000. Top Corporation's net income for the year was:

a. Exactly equal to the amount of dividends

b. A positive amount

c. Smaller than the amount of the dividends paid

d. Not determinable from the information provided

e. A negative amount (a loss)

Reference no: EM132830602

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