Multiple Choice
McKinney Corporation had beginning retained earnings of $2,242,000 and ending retained earnings of $2,499,000. During the year they issued common stock totaling $141,000. No dividends were paid. What was their net income for the year?
A) $257,000
B) $116,000
C) $398,000
D) $323,000
Correct Answer:
Verified
Correct Answer:
Verified
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