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Question
The ending Retained Earnings balance of Boomer Inc. decreased by $1.0 million from the beginning of the year. The company declared a dividend of $5.4 million during the year. What was the net income earned during the year?
a. $7.5 million.
b. $6.4 million.
c. $4.4 million.
d. $1.0 million.
Answer
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