Stanton corp began operations on january 1 2014 the, Financial Management

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Stanton corp began operations on january 1 2014 the

Working Backward: Dividends on the Statement of Cash Flows

Stanton Corp. began operations on January 1, 2014. The statement of cash flows for the first year reported dividends paid of $166,000. The balance sheet at the end of the first year reported $52,000 in dividends payable and $486,000 in ending retained earnings.

Determine Stanton's net income for its first year of operations.

$

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Financial Management: Stanton corp began operations on january 1 2014 the

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