Multiple Choice
Sweet Tree Cookies has current net income of $268,000 of which $110,000 was paid out in dividends. The remaining $158,000 will be shown in which account on the firm's financial statements for next year?
A) long-term debt
B) common stock
C) net income
D) retained earnings
E) paid in surplus
Correct Answer:
Verified
Correct Answer:
Verified
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