Multiple Choice
The ending Retained Earnings balance of Boomer Inc.decreased by $1.0 million from the beginning of the year.The company declared a dividend of $5.4 million during the year.What was the net income for the year?
A) $7.5 million.
B) $6.4 million.
C) $4.4 million.
Correct Answer:
Verified
Correct Answer:
Verified
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