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Net income is $100,000 and common stock dividends paid are $100,000 for the year. Retained earnings were $500,000 at the beginning of the year. The
Net income is $100,000 and common stock dividends paid are $100,000 for the year. Retained earnings were $500,000 at the beginning of the year.
The end of year balance in retained earnings would be:
$500,000
$300,000
$400,000
$600,000
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