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Question 18 ABC Company had the following transactions during its first year of operations: Issued Stock to Investors $400 Borrowed Money from a Bank

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Question 18 ABC Company had the following transactions during its first year of operations: Issued Stock to Investors $400 Borrowed Money from a Bank $500 Earned Revenue $800 Incurred Expenses $700 Paid Investors a Dividend $0 What is the Year 1 Retained Earnings balance before closing? $700 $100 $800 $0

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