Exercise 12-15 Working Backward: Dividends on the Statement of Cash Flows Stanton Corp. began…


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Exercise 12-15 Working Backward: Dividends on the Statement of Cash Flows Stanton Corp. began… 1 answer below » Exercise 12-15 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 $160,000. The balance sheet at the end of the first year reported $40,000 in dividends payable and $580,000 in ending retained earnings. Determine Stanton’s net income for its first year of operations. Jan 29 2016 12:14 PM

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