Multiple Choice
On January 1, 2013, Baird Company had beginning balances as follows: Assets = $2,250
Liabilities = $620
Common Stock = $800
During 2013, Baird paid dividends to its stockholders of $900. Given that ending retained earnings was $600, what was Baird's net income for the 2013 accounting period?
A) $770
B) $830
C) $1,250
D) $500
Correct Answer:
Verified
Correct Answer:
Verified
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