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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?

  • Ending Retained Earnings only

  • Revenues and Common Stock

  • Ending Retained Earnings and Common Stock

  • Ending Retained Earnings and Revenue

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