15 Maynard Enterprises paid $1,692 in dividends and $1,606 in interest over the past year. The common stock account increased by $1,536 and retained earnings decreased by $632. What was the company's net income? Multiple Choice O O O $2,168 $2,324 $904 $2,596

15 Maynard Enterprises paid $1,692 in dividends and $1,606 in interest over the past year. The common stock account increased by $1,536 and retained earnings decreased by $632. What was the company's net income? Multiple Choice O O O $2,168 $2,324 $904 $2,596

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

15
Maynard Enterprises paid $1,692 in
dividends and $1,606 in interest over
the past year. The common stock
account increased by $1,536 and
retained earnings decreased by $632.
What was the company's net income?
Multiple Choice
O
о
O
$2,168
$2,324
$904
$2,596

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