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Regarding the solutions for Financial Accounting for Undergraduates 3rd Edition Chapter 1, Problem 12ESA. I believe situation C is incorrect. The solution states beginning equity

Regarding the solutions for Financial Accounting for Undergraduates 3rd Edition Chapter 1, Problem 12ESA. I believe situation C is incorrect. The solution states beginning equity is 24,000 and ending equity is 21,000 and then goes on to state an increase in equity means retained earnings of 3,000, but I believe it should be a decrease in equity and a retained earnings of -3,000, should it not?

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