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Accounting
Finish attempt Time left 4:49:50 Question 3 Incorrect Mark 0.00 out of 6.25 P Rag question Determining Retained Earnings and Net Income The following information appears in the records of Bock Corporation at year-end: Accounts Receivable $23,000 Retained Earnings $7 Accounts Payable Cash 15,000 Supplies 9,000 8,000 Equipment, net 138,000 Common Stock 110,000 a. Calculate the balance in Retained Earnings at year-end. b. If the amount of the retained earnings at the beginning of the year was $30,000 and $12,000 in dividends is paid during the year, calculate net income for the year. Check Incorrect Marks for this submission: 0.00/6.25 ES "000
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