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Not sure if this is correct. Question 4 (1 point) On its 2016 balance sheet, B&G Inc. showed $720 million of retained earnings, and exactly
Not sure if this is correct.
Question 4 (1 point) On its 2016 balance sheet, B&G Inc. showed $720 million of retained earnings, and exactly that same amount was shown the following year in 2017. Assuming that no earnings restatements were issued, which of the following statements is CORRECT? The company must have had zero net income in 2017 If the company lost money in 2017, they must have paid dividends O The company must have paid no dividends in 2017 The company must have paid out half of its earnings as dividends. Dividends could have been paid in 2017, but they would have had to equal the earnings for the yearStep by Step Solution
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