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    yenshawc's Avatar
    yenshawc Posts: 1, Reputation: 1
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    #1

    Sep 7, 2013, 12:20 PM
    Finance
    Jensen Enterprises paid $1,300 in dividends and $920 in interest this past year. Common stock increased by $1,200 and retained earnings decreased by $310. What is the net income for the year?
    rehmanvohra's Avatar
    rehmanvohra Posts: 739, Reputation: 27
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    #2

    Sep 11, 2013, 08:57 PM
    Net Income after interest and tax:
    Dividends paid 1300 less decrease in retained earnings 310 = 990
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