Angela's Bakery paid $2,200 in dividends and $920 in interest this past year. Common stock increased by $1,200 and retained earnings increased by $400. What is the net income for the year? Group of answer choices $910 $990 $1,960 $2,600
Angela's Bakery paid $2,200 in dividends and $920 in interest this past year. Common stock increased by $1,200 and retained earnings increased by $400. What is the net income for the year? Group of answer choices $910 $990 $1,960 $2,600
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Angela's Bakery paid $2,200 in dividends and $920 in interest this past year. Common stock increased by $1,200 and retained earnings increased by $400.
What is the net income for the year? Group of answer choices $910 $990 $1,960 $2,600
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