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A Company had a beginning balance in its Retained Earnings account of $386,400. During the year, the company declared and paid a $4,860 dividend and,

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A Company had a beginning balance in its Retained Earnings account of $386,400. During the year, the company declared and paid a $4,860 dividend and, at the end of the year, it reported Retained Earnings of $401,460. The company's net income for the year was Multiple Choice $15,060. S19,920

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