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A Company Started the Year with Retained Earnings of $10,500

Question 117

Multiple Choice

A company started the year with retained earnings of $10,500. The company had net income of $2,400 and paid dividends of $1,400. What are the new retained earnings currently?


A) $14,300
B) $11,500
C) $9,500
D) $12,900
E) $11,900

Correct Answer:

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