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On the statement of retained earnings: A. a deficit in retained earnings indicates the company has no cash. B. there will be a positive balance
On the statement of retained earnings: A. a deficit in retained earnings indicates the company has no cash. B. there will be a positive balance in retained earnings if historically expenses have exceeded revenues. C. any dividends paid during the year will increase retained earnings. D. a deficit will result in retained earnings if historically, expenses have exceeded revenues.
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