ACCOUNTING PRINCIPLES-W/WILEYPLUS
14th Edition
ISBN: 9781119707158
Author: Weygandt
Publisher: WILEY
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Idris Industries began the year with retained earnings of $375,000. During the year, the company recorded revenues of $642,000 and expenses of $489,000. It also paid dividends of $52,400. What was Idris Industries' net income for the year?
Please provide the solution to this financial accounting question using proper accounting principles.
How much is net sales revenue?
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