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Wilton Corporation Had Beginning Retained Earnings of $724,000 and Ending

Question 166

Multiple Choice

Wilton Corporation had beginning retained earnings of $724,000 and ending retained earnings of $833,000. During the year they issued common stock totaling $47,000. No dividends were paid. What was Wilton's net income for the year?


A) $109,000
B) $62,000
C) $156,000
D) $131,000

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