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poizon [28]
3 years ago
12

The ending retained earnings balance of the Taco Heaven restaurant chain increased by $2.6 million from the beginning of the yea

r. The company had declared a dividend of $1.5 million. What was the net income earned during the year
Business
1 answer:
Vika [28.1K]3 years ago
5 0

Answer: $4.1 million

Explanation:

From the question, we are informed that the ending retained earnings balance of the Taco Heaven restaurant chain increased by $2.6 million from the beginning of the year and that the company had declared a dividend of $1.5 million.

The net income earned during the year will be:

= $2.6 million + $1.5 million

= $4.1 million

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The right communication channel to use in IMC is
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