Willie Company's retained earnings increased $20,000 during 2010. What was Willie's 2010 net income or loss given that Willie declared S25.000 of dividends during 2010? A. Net income was $5,000. B. Net income was $45.000. C. Net loss was $45,000. D. Net loss was $5,000.

Willie Company's retained earnings increased $20,000 during 2010. What was Willie's 2010 net income or loss given that Willie declared S25.000 of dividends during 2010? A. Net income was $5,000. B. Net income was $45.000. C. Net loss was $45,000. D. Net loss was $5,000.

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 52E: Juroe Company provided the following income statement for last year: Juroes balance sheet as of...

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Financial Accounting Question please answer

Willie Company's retained earnings increased $20,000 during 2010.
What was Willie's 2010 net income or loss given that Willie declared
S25.000 of dividends during 2010?
A. Net income was $5,000.
B. Net income was $45.000.
C. Net loss was $45,000.
D. Net loss was $5,000.

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