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The net income of Hendley,Inc. for the year is $25,000 The dividends declared during the year were $30,000. Which of the following statements is true?
The net income of Hendley,Inc. for the year is $25,000 The dividends declared during the year were $30,000. Which of the following statements is true? O A. Retained Earnings account decreases by $5,000 O B. Retained Earnings will remain the same C. Retained Earnings account decreases by $25,000. O D. Retained Earnings account increases by $30,000
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