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1.Which of the following is CORRECT? a.Retained Earnings (2001) = Retained Earnings (2000) - Net Income (2001) + Dividends (2001) b.Retained Earnings (2000) = Retained

1.Which of the following is CORRECT?

a.Retained Earnings (2001) = Retained Earnings (2000) - Net Income (2001) + Dividends (2001)

b.Retained Earnings (2000) = Retained Earnings (2001) + Net Income (2000) - Dividends (2000)

c.Retained Earnings (2001) = Retained Earnings (2000) + Net Income (2001) - Dividends (2001)

d.Retained Earnings (2000) = Retained Earnings (2001) + Net Income (2000) + Dividends (2000)

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