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The beginning balance of retained earnings was $2500. The difference paid to stockholders was $1500. The ending balance of retained earnings is $5000. what was the net income or net loss for the period
a. net loss of $3,500
B. Net income of $4000
C. Net loss of $4,500
D. Net income of $3000

Respuesta :

Samawati

Answer:

B. Net income of $4000

Explanation:

Opening balance + net income- difference paid= retained earnings

OB + NI -Payments = retrained earnings

$2500 + NI - $1500=  $5000

$2500 + NI = $5000 + $1500

$2500 + NI = $6500

NI= $6500- $2500

Net income = $4000

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