What was the amount of net income earned by Levi during 2009?
A)$0
B)$40 million
C)$62 million
D)Cannot be determined from the given information.The increase in retained earnings is a composite of net income and changes due to dividends.You cannot determine the portion due to net income unless you have information about the dividends.

Question

Quizplus · Accepted Answer

The increase in retained earnings is a composite of net income and changes due to dividends. Without information about the dividends, the portion due to net income cannot be determined.

What Was the Amount of Net Income Earned by Levi