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What was the net income or net loss

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Question 1: Chun Company reported a beginning balance in retained earnings of $12,600. They paid no dividends during20x5. At the end of the year, there were debit entries to retained earnings totaling $305,200 and credit entries totaling $297,400. Net income or net loss for 20x5 was:

A. $20,400 net income

B. $7,800 net income

C. $4,800 net income

D. $20,400 net loss

E. $7,800 net loss

Reference no: EM132479676

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