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For the Past Five Years,Mookie Consulting Services Reported the Following

Question 127

Multiple Choice

For the past five years,Mookie Consulting Services reported the following annual net income and dividend amounts: For the past five years,Mookie Consulting Services reported the following annual net income and dividend amounts: If Mookie had Retained Earnings of $88,000 at the end of year 5,what was the company's Retained Earnings at the beginning of Year 1? A) $13,000. B) $25,000. C) $7,000. D) $1,000. If Mookie had Retained Earnings of $88,000 at the end of year 5,what was the company's Retained Earnings at the beginning of Year 1?


A) $13,000.
B) $25,000.
C) $7,000.
D) $1,000.

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