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Problem 1: A company has $125,000 in retained earnings at the beginning of the year and $137,000 at the end of the year. During the year it declared and paid dividends of $16,000. What was the amount of net income for the year?
Group of answer choices
Option 1: $28000
Option 2: Negative $4000
Option 3: $0
Option 4: $4000
diversified industries is a large conglomerate and is continually in the market for new acquisitions.nbsp the company
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