The ending Retained Earnings balance of Boomer Inc. decreased by $1.0 million from the beginning of the year. The company declared a dividend of $5.4 million during the year. What was the net income for the year?
A. $4.4 million.
B. $1.0 million.
C. $7.5 million.
D. $6.4 million.
Answer: A
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