A firm's beginning balance in retained earnings (retained deficit) is -$80. Net Income for the period was

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A firm's beginning balance in retained earnings (retained deficit) is -$80. Net Income for the period was $200. Assuming a dividend payout ratio of 30% and a dividend yield of 2%, and assuming that all declared dividends are paid, what was the ending balance in the retained earnings account? Select one: a. - $30 b. $80 c. $50 d. $60

Posted Date: Jun 01, 2024 10:13 PM

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A firm's beginning balance in retained earnings (retained deficit) is -$80. Net Income for the period was

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