The Retained Earnings account [decreases / increases] by the amount of net income each period and [decreases

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The Retained Earnings account [decreases / increases] by the amount of net income each period and [decreases / increases] by the amount of dividends. Thus, if Retained Earnings are $100,000 at the start of a period during which a dividend of $20,000 is declared and during which net income is $30,000, Retained Earnings will be

$ at the end of the period.

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Essentials Of Accounting

ISBN: 9780273771463

11th International Edition

Authors: Leslie K. Breitner

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