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Which one of these statements is correct? 1)Pretax income is equal to net income minus taxes 2)The addition to retained earnings is equal to net
Which one of these statements is correct? 1)Pretax income is equal to net income minus taxes 2)The addition to retained earnings is equal to net income plus dividends 3)Operating income is equal to operating revenue minus cost of goods sold 4)Earnings per share can be negative but dividends per share cannot 5)Only current taxes are included in the tax expense
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