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ABC Company had the following transactions during its first year of operations: Issued Stock to Investors $200 Borrowed Money from a Bank $900 Earned Revenue

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ABC Company had the following transactions during its first year of operations: Issued Stock to Investors $200 Borrowed Money from a Bank $900 Earned Revenue $800 Incurred Expenses Paid Investors a Dividend $50 What is the Year 1 Retained Earnings balance after closing? $200 42 $550 $50 $600 $0

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