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Digman Co. had retained earnings of $400,000 on January 1st. It made a net income of $300,000 in the year. The balance of retained earnings

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Digman Co. had retained earnings of $400,000 on January 1st. It made a net income of $300,000 in the year. The balance of retained earnings at December 31st would be Select one: O a $100,000 O b. $400,000 O c. $500,000 O d. $700,000 e none of the above

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