Calculate the companys net income for this year
Problem
Our company paid $16,000 in dividends this year. The beginning and ending retained earnings balances were $46,000 and $80,000, respectively. The company issued no common stock. Calculate the company's net income for this year.
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The beginning and ending retained earnings balances were $46,000 and $80,000, respectively. Calculate the company's net income for this year.
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