Multiple Choice
If a firm incurs a loss during a particular year, or if the firm had positive net income but paid out dividends more than the net income, its retained earnings for that year will most likely be
A) a large positive number.
B) a low positive number.
C) zero.
D) a negative number.
E) Can not be determined from this information
Correct Answer:
Verified
Correct Answer:
Verified
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