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Which of the following transactions would NOT result in an increase to retained earnings? a ) correction of an error in which expenses were overstated
Which of the following transactions would NOT result in an increase to retained earnings?
a correction of an error in which expenses were overstated in a previous year
b the issuance of a for stock split
c retrospective application of a new accounting policy that results in higher net income in the previous year.
d earning of net income for the period
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