Multiple Choice
During the year, Bascom Bakery Inc.paid out $21,750 of common dividends.It ended the year with $187,500 of retained earnings versus the prior year's retained earnings of $132,250.How much net income did the firm earn during the year?
A) $77,000
B) $80,850
C) $84,893
D) $89,137
E) $93,594
Correct Answer:
Verified
Correct Answer:
Verified
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