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An analyst has collected the following Information regarding a company in advance of its year-end earnings announcement (In millions): Estimated net income $200 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): Estimated net income $200 Beginning retained earnings $1,400 Estimated distributions to owners $ 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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