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At the end of the year, retained earnings totaled $1, 600. During the year, net income was $350, and dividends of $150 were declared and

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At the end of the year, retained earnings totaled $1, 600. During the year, net income was $350, and dividends of $150 were declared and paid. Retained earnings at the beginning of the year totaled: a) $1, 200 b) $1, 800 C) $1, 400 d) $2, 100

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