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Assume the Net Income was actually a Net Loss of $19,000, Expense were $67,200, Beginning Retained Earnings was $88,000, and Ending Retained Earnings was unknown.
Assume the Net Income was actually a Net Loss of $19,000, Expense were $67,200, Beginning Retained Earnings was $88,000, and Ending Retained Earnings was unknown. Which of the following amounts will change?
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Ending Retained Earnings only
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Revenues and Common Stock
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Ending Retained Earnings and Common Stock
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Ending Retained Earnings and Revenue
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