None If opening retained earnings was $96,000, opening dividends payable was $48,000, dividends paid was $48,000, andclosing retained earnings was $328,000, what was Valiant Industries' net income? ⚫$232,000 $280,000 $184,000 $224,000••

Statement of retained earnings is one of the financial statements that shows change in amount of…

If opening retained earnings was $96,000, opening dividends payable was $48,000, dividends paid was $48,000 closing retained earnings was $328,000, what was Valiant Industries' net income? ⚫ $232,000 $280,000 $184, 224,000 • • •

If opening retained earnings was $96,000, opening dividends payable was $48,000, dividends paid was $48,000 closing retained earnings was $328,000, what was Valiant Industries' net income? ⚫ $232,000 $280,000 $184, 224,000 • • •

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

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If opening retained earnings was $96,000, opening dividends payable was $48,000, dividends paid was $48,000, and
closing retained earnings was $328,000, what was Valiant Industries' net income? ⚫$232,000 $280,000 $184,000 $
224,000
•
•

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