asked 40.6k views
5 votes
X company's retained earnings increased $20,000 during 2014. what was 2014 net income or loss given that x declared $25,000 of dividends during 2014?

a. net loss was $5,000.
b. net loss was $45,000.
c. net income was $45,000.
d. net income was $5,000.

1 Answer

2 votes
c. net income was $45,000.
answered
User OpiesDad
by
8.3k points
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