Principles of Accounting
12th Edition
ISBN: 9781133626985
Author: Belverd E. Needles, Marian Powers, Susan V. Crosson
Publisher: Cengage Learning
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Portman Solutions paid out $42.5 million in total common dividends and reported $150.3 million of retained earnings at year-end. The prior year's retained earnings were $104.8 million. Assume that all dividends declared were actually paid. What was the net income for the year?
What is the corporations net income for the year ending October 31, 2014?
What was the net income for the year?
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