Laurier Inc. had retained earnings at the beginning of the year of $19000. During the year Laurier Inc. declared dividends of $100000. At the end of the year, Laurier Inc. had retained earnings of $ 3600000. What was the amount of net earnings that Laurier Inc. earned during the year?

Name: Solved: Laurier Inc. had retained earnings at the beginning of the year of $19000. During the year Laurier Inc. declared dividends of $100000. At the end of the year, Laurier Inc. had retained earnings of $ 3600000. What was the amount of net earnings that Laurier Inc. earned during the year? - MathMaster
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Answer to a math question Laurier Inc. had retained earnings at the beginning of the year of $19000. During the year Laurier Inc. declared dividends of $100000. At the end of the year, Laurier Inc. had retained earnings of $ 3600000. What was the amount of net earnings that Laurier Inc. earned during the year?

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To calculate the amount of net earnings that Laurier Inc. earned during the year, we can use the following formula: Net Earnings = Retained Earnings at the beginning of the year + Net Income - Dividends Given: Retained Earnings at the beginning of the year = $19,000 Dividends declared during the year = $100,000 Retained Earnings at the end of the year = $3,600,000 We need to find the Net Income. Using the formula: $19,000 + Net Income - $100,000 = $3,600,000 Net Income = $3,600,000 - $19,000 + $100,000 Net Income = $3,681,000 Therefore, Laurier Inc. earned $3,681,000 in net earnings during the year.

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