Beginning retained earning balance is $100,000, ending retained balnce is 120,000 less 60000 dividend paid ,what was net income?
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Beginning retained earning balance is $100,000, ending retained balnce is 120,000 less 60000 dividend paid ,what was net income?
Beginning = 100,000
Net Income= 80,000
sub-total *= 180,000
Dividend **= 60,000
ending****= 120,000
ANSWER = Net Income = $80,000
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