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A for-profit company showed net income of $45,000 and paid dividends of $20,000. This tells us that they would report a $25,000 increase in retained
A for-profit company showed net income of $45,000 and paid dividends of $20,000. This tells us that they would report a
$25,000 increase in retained earnings. | ||
$65,000 increase in retained earnings. | ||
$25,000 decrease in common stock. | ||
$25,000 decrease in liabilities. |
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