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On its 2 0 1 6 balance sheet, company showed a balance of retained earnings equal to $ 5 1 0 million. On its 2

On its 2016 balance sheet, company showed a balance of retained earnings equal to $510 million. On its 2017 balance sheet, the balance of retained earnings was also equal to $510 million. Which of the following statements is most correct?
Question 3Select one:
a.
The company must have had net income equal to zero in 2017.
b.
The company did not pay a dividend in 2017.
c.
If the companys net income in 2017 was $200 million, dividends paid must have also equaled $200 million.
d.
If the company lost money in 2017, they must have paid a dividend.
e.
None of the statements above is correct.

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