Maynard Enterprises paid $1,804 in dividends and $1,802 in interest over the past year. The common stock account increased by $1,632 and retained earnings decreased by $724. What was the company's net income? $1,080 $2,356 $908 $2,528 $2,712

Maynard Enterprises paid $1,804 in dividends and $1,802 in interest over the past year. The common stock account increased by $1,632 and retained earnings decreased by $724. What was the company's net income? $1,080 $2,356 $908 $2,528 $2,712

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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Question

100%

$1,080

$2,356

$908

$2,528

$2,712

Definition Definition Remaining net income of the company after the required dividends are paid to shareholders. This surplus money is usually invested back into the business to expand its business operations or launch a new product.

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