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Digman Co. had retained earnings of $400,000 on January 1st. It made a net income of $100,000 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 $100,000 in the year. The balance of retained earnings at December 31st would be none of the listed answers are correct $500,000 $700,000 $100,000 $400,000

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