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pis Which of the following statements is TRUE? O A. Dividends reduce net income. O B. Dividends are expenses of a business OC. Dividends reduce
pis Which of the following statements is TRUE? O A. Dividends reduce net income. O B. Dividends are expenses of a business OC. Dividends reduce retained earnings. OD. Dividends increase retained earnings. At the end of the current accounting period, account balances were as follows: Cash, $28,000 Accounts Receivable $42,000Common Stock $18.000; Retained Earnings. $14.000 Liabilities for the period were: A $38,000 OB. $70,000 O c. 552,000 OD $56,000 The factor recognizes that while certain actions might be both economically profitable and legal, they still may not be right. O A. economic OB. ethical OC legal OD profitability
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