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    Foundations of Finance
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    Exam 3: Understanding Financial Statements and Cash Flows
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    The Retained Earnings Balance on IBM's Balance Sheet at the End
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The Retained Earnings Balance on IBM's Balance Sheet at the End

Question 42

Question 42

True/False

The retained earnings balance on IBM's balance sheet at the end of 2010 is equal to IBM's 2010 net income minus dividends paid in 2010.

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