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An analyst has collected the following information regarding a company in advance of its year-end earnings announcement (in millions): 6. Estimated net income Beginning retained

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An analyst has collected the following information regarding a company in advance of its year-end earnings announcement (in millions): 6. Estimated net income Beginning retained earnings Estimated distributions to owners S 200 S 1,400 S 100 The analyst's estimate of ending retained earnings (in millions) should be closest to: A. $1,300. B. $1,500. C $1,700

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