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Question: What is the net income of the current year given the information?
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Question: What is the <a href=net income of the current year given theinformation?” />
What is the net income of the current year given the
information?

Show transcribed image text A comparison had a net increase in Retained Earnings of $65,000 for the year. The corporation also paid $20,000 of cash dividends that had been declared in this year. The year, the corporation declared $18,000 of dividends but has not paid them as of year-end. Given this information, the net income for the current year must have been. $63,000 $85,000 $65,000 $83,000

A comparison had a net increase in Retained Earnings of $65,000 for the year. The corporation also paid $20,000 of cash dividends that had been declared in this year. The year, the corporation declared $18,000 of dividends but has not paid them as of year-end. Given this information, the net income for the current year must have been. $63,000 $85,000 $65,000 $83,000

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