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7. Levi's Co. reports $1,000,000 in net income in 2019 and declared total dividends equal to $100,000. The difference between the two, or $900,000, should
| 7. Levi's Co. reports $1,000,000 in net income in 2019 and declared total dividends equal to $100,000. The difference between the two, or $900,000, should be added to which account? | |||||||
| a | assets | ||||||
| b. | retained earnings | ||||||
| c | contributed capital | ||||||
| d | cash | ||||||
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Cash, Corruption And Economic Development
Authors: Vikram Vashisht
1st Edition
1032096888, 9781032096889
