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On the statement of retained earnings: A. net income flows from the balance sheet to retained earnings. B. treasury stock increases retained earnings. C. a
On the statement of retained earnings:
A.
net income flows from the balance sheet to retained earnings.
B.
treasury stock increases retained earnings.
C.
a deficit in retained earnings is shown in parentheses.
D.
a positive balance in retained earnings is an indication the company is in financial difficulty.
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