Multiple Choice
Blazon Corporation's retained earnings increased $79,000 during 2011.Blazon declared $19,000 of dividends and paid $15,000 of the dividends declared during 2011.How much was Blazon's 2011 net income assuming that Blazon's stockholders invested an additional $30,000 during 2011?
A) $98,000
B) $94,000
C) $68,000
D) $64,000
Correct Answer:
Verified
Correct Answer:
Verified
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