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The Total Revenues of $6,500,total Expenses of $3,500 and Dividends

Question 69

Multiple Choice

The total revenues of $6,500,total expenses of $3,500 and dividends of $500 were recorded in the closing entries.The net change in Retained Earnings for the month was:


A) $6,000.
B) $3,000.
C) $2,500.
D) $3,500.

Correct Answer:

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