Net income for the year-beginning retained earnings


McKinney Corporation had beginning retained earnings of $2,292,000 and ending retained earnings of $2,499,000. During the year they issued common stock totaling $141,000. What was their net income for the year?

Request for Solution File

Ask an Expert for Answer!!
Accounting Basics: Net income for the year-beginning retained earnings
Reference No:- TGS049273

Expected delivery within 24 Hours