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Sheffield Co. generates net income of $100,000 and declares and pays $30,000 in dividends during 2019. What is the net change in retained earnings (R/E)

Sheffield Co. generates net income of $100,000 and declares and pays $30,000 in dividends during 2019. What is the net change in retained earnings (R/E) during 2019 and what is the impact of the divid...

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