Question:XYZ Company's retained earnings increased by $100,000 during the year. Also during the year, dividends totaling $22,500 were declared and paid to shareholders. What was XYZ Company's net income for the year? 

A $22,500 
B $77,500 
C $100,000 
D $122,500 

+ Answer
A 

+ Explanation
Answer not sure

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Md. Habib Ullah

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