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What is the net income for the year

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Question - Pedro's Pipas, Inc. paid $498 in dividends and $594 in interest this past year. Looking at the Balance Sheet you note that common stock increased by $204 but accumulated retained earnings decreased by $130. What is the net income for the year?

A) $962

B) $798

C) $594

D) $498

E) $368

Reference no: EM132213738

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