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w4ebony
Sep 9, 2007, 09:25 PM
Assume that retained earnings increased by $240,000 from December 31, 2005 to December 31, 2006 for Miller Corporation. During the year, a cash dividend of $140,000 was paid.
1. Compute the net income for the year.
2. Assume that the revenues for the year were $920,000. Compute the expense incurred for the year.

Clough
Sep 10, 2007, 03:29 AM
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