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  3. since you know dividends (5,000) and you know the

Since you know dividends (5,000) and you know the net change in Retained earnings..(40,000), you...

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Accounting

Since you know dividends (5,000) and you know the net change in Retained earnings..(40,000), you can calculate the net income for the year. (Assume a beginning balance of zero in Retained Earnings. Hint: make a T account).

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