Asked by Aaron
On December 10, 2014, Jennings, Inc. paid out total dividends of $450,000 (this was the only dividend
payment made during the year). If Jennings reported Retained earnings of $2,186,000 for 2013 and Retained
earnings of $2,380,000 for 2014, what was Jennings reported net income in 2014?
payment made during the year). If Jennings reported Retained earnings of $2,186,000 for 2013 and Retained
earnings of $2,380,000 for 2014, what was Jennings reported net income in 2014?
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