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ABC firm reports $2000 of revenues and $1000 of expenses for the month of August. It reports $1000 of retained earnings on August 1st. It
ABC firm reports $2000 of revenues and $1000 of expenses for the month of August. It reports $1000 of retained earnings on August 1st. It also distribute $200 of dividends in that month. Which of the following is NOT true?
The firm has a net income of $1000 for August.
The ending retained earnings is $1800 at Aug31
The shareholders of the firms should be happy to receive dividends.
The firm has a net income of $800 for August.
ABC firm reports $2000 of revenues and $1000 of expenses for the month of August. It reports $1000 of retained earnings on August 1st. It also distribute $200 of dividends in that month. Which of the following is NOT true? The firm has a net income of $1000 for August. The ending retained earnings is $1800 at Aug31 The shareholders of the firms should be happy to receive dividends. The firm has a net income of $800 for AugustStep by Step Solution
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