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