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25. On March 1, Toms Wear had a beginning balance in retained earnings of $1,250. During March, Toms Wear paid $100 in dividends and had
25. On March 1, Toms Wear had a beginning balance in retained earnings of $1,250. During March, Toms Wear paid $100 in dividends and had net income of $2,000. The March 31 balance in retained earnings was: a. $1,150. b. $3,150. c. $3,350. d. $7,350.
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