Multiple Choice
A firm had retained earnings of $130,000 in 2019 and $168,000 in 2020. The increase in retained earnings from 2019 to 2020 is:
A) 29.2 percent.
B) 22.6 percent.
C) 38 percent.
D) 129 percent.
Correct Answer:
Verified
Correct Answer:
Verified
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