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Which of the Following Statements Regarding Net Income Transferred to Retained

Question 28

Multiple Choice

Which of the following statements regarding net income transferred to retained earnings is correct?


A) Net income = net income transferred to retained earnings - dividends
B) Net income transferred to retained earnings = net income + dividends
C) Net income = net income transferred to retained earnings + dividends
D) Net income transferred to retained earnings - net income = dividends

Correct Answer:

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