Question

ensen Enterprises paid $1,300 in dividends and $920 in interest this past year. Common stock increased by $1,200 and retained earnings decreased by $310. What is the n

Answer 1

Answer: $990

Explanation:

Based on the information that we are given in the question, the net income will be calculated as:

= Dividends + Retained earnings

= $1300 + (-$310)

= $1300 - $310

= $990

Therefore, the net income is $990.