During July, its first period of operations, Aju Inc. sold ordinary shares for W960,000,000, earned net income of W130,000,000, and paid dividends of W27,000,000. Retained earnings at the end of July is
A) W1,090,000,000.
B) W1,063,000,000.
C) W933,000,000.
D) W103,000,000.
Correct Answer:
Verified
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