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For the year, a company reports revenues of $800,000, expenses of $600,000, and dividends of $50,000. By how much will the balance of retained

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For the year, a company reports revenues of $800,000, expenses of $600,000, and dividends of $50,000. By how much will the balance of retained earnings increase for the year? Multiple Choice $200,000 $50,000 $250,000

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