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The net income of Hendley, Inc. for the year is $30,000. The dividends declared during the year were $36,000. Which of the following statements is

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The net income of Hendley, Inc. for the year is $30,000. The dividends declared during the year were $36,000. Which of the following statements is true? A. Retained Earnings account decreases by $6,000. B. Retained Eamings account decreases by $30,000. C. Retained Earnings account increases by $36,000. D. Retained Earnings will remain the same

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