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3. Assume the Net Income was actually a Net Loss of $10,500, Expense were $60,400, Beginning Retained Earnings was $71,000, and Ending Retained Earnings was

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3. Assume the Net Income was actually a Net Loss of $10,500, Expense were $60,400, Beginning Retained Earnings was $71,000, and Ending Retained Earnings was unknown. Which of the following amounts will change? O Ending Retained Earnings only O Revenues and Common Stock O Ending Retained Earnings and Common Stock Ending Retained Earnings and Revenue 4. What is the revised ending balance in Retained Earnings? $50,000 O $59,900 $69,900 O $58,900 3. Assume the Net Income was actually a Net Loss of $10,500, Expense were $60,400, Beginning Retained Earnings was $71,000, and Ending Retained Earnings was unknown. Which of the following amounts will change? O Ending Retained Earnings only O Revenues and Common Stock O Ending Retained Earnings and Common Stock Ending Retained Earnings and Revenue 4. What is the revised ending balance in Retained Earnings? $50,000 O $59,900 $69,900 O $58,900

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