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Fundamental Accounting Equation
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Fundamental Accounting Equation
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1. Introduction to Accounting / Fundamental Accounting Equation / Problem 4
Problem 4
A company has \$100,000 in net income and pays \$20,000 in dividends. What are the retained earnings?
A
\$100,000
B
\$20,000
C
\$80,000
D
\$120,000
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