Bluffton Deli paid out $42,800 in common dividends during 2023. The company ended the year with $218,300 in retained earnings, while the retained earnings at the beginning of the year were $174,500. How much net income did the firm earn during the year?

Bluffton Deli paid out $42,800 in common dividends during 2023. The company ended the year with $218,300 in retained earnings, while the retained earnings at the beginning of the year were $174,500. How much net income did the firm earn during the year?

Intermediate Financial Management (MindTap Course List)

13th Edition

ISBN:9781337395083

Author:Eugene F. Brigham, Phillip R. Daves

Publisher:Eugene F. Brigham, Phillip R. Daves

Chapter6: Accounting For Financial Management

Section: Chapter Questions

Problem 6P: In its most recent financial statements, Del-Castillo Inc. reported 70 million of net income and 900...

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Question

Please give me true answer this financial accounting question

Bluffton Deli paid out $42,800 in common dividends during 2023. The company
ended the year with $218,300 in retained earnings, while the retained earnings
at the beginning of the year were $174,500.
How much net income did the firm earn during the year?

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