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QUESTION 21 In 2019, Company XYZ produced net income of $100,000. They paid out $120,000 in dividends during the year. Which if the following is

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QUESTION 21 In 2019, Company XYZ produced net income of $100,000. They paid out $120,000 in dividends during the year. Which if the following is true regarding the retained earnings account at the end of 2019 versus the end of 2018 O a Retained earnings will have increased b. Retained earnings will be unchanged c. Retained earnings will have decreased d. None of the above are true

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