Master Company retained earnings increased by €100,000 during the year. Also, during the year, dividends totaling...

Question

Question

Master Company retained earnings increased by €100,000 during the year. Also, during the year, dividends totaling €50,000 wer

Answer 1

Answer #1

Retained earnings increased : €100,000

Add dividend declared and paid : €50,000

net income for the year ; €150,000

Answer 2

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