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Question(s) / Instruction(s):

A corporation has $40,000 of retained earnings at the beginning of the period. The company has net income of $5,000 and pays dividends of $30,000 during the period. What is the balance in retained earnings at the end of the period?  

a)            $35,000  

b)            $15,000  

c)            $25,000  

d)            $ 5,000  

 

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