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not sure if this is 100% correct the other options didn't make sense Assume Net Income is $25,000. What is Retained Earnings as of December

not sure if this is 100% correct the other options didn't make sense
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Assume Net Income is $25,000. What is Retained Earnings as of December 31 st (ending)? a) $30,000 b) $25,000 c) $20,000 d) $29,000

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