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X company's retained earnings increased $20,000 during 2014. what was 2014 net income or loss given that x declared $25,000 of dividends during 2014? a. net loss was $5,000. b. net loss was $45,000. c.
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X company's retained earnings increased $20,000 during 2014. what was 2014 net income or loss given that x declared $25,000 of dividends during 2014?

a. net loss was $5,000.
b. net loss was $45,000.
c. net income was $45,000.
d. net income was $5,000.

User Jayakumar J
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c. net income was $45,000.
User OpiesDad
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