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What adjustments are made to the retained earnings balance for the end of last year to determine the retained earnings balance for the end of
What adjustments are made to the retained earnings balance for the end of last year to determine the retained earnings balance for the end of this year?
A Add last year's net income; subtract this year's dividends
B Add this year's EBIT; subtract this year's dividends
C Add this year's net income; subtract this year's dividends
D Add this year's net income; add this year's dividends
E None of the above
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