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The year starts with $10,000 in retained earnings. Net income for the year is $100,000. Making no other adjustments, how much cash do you have
The year starts with $10,000 in retained earnings. Net income for the year is $100,000. Making no other adjustments, how much cash do you have at the end of the year as a source of financing?
90000
110000
110000 minus dividends paid
10000
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