Which of the Following Statements Regarding Net Income Transferred to Retained

question 58

Multiple Choice

Which of the following statements regarding net income transferred to retained earnings is correct?

• A) Net income = net income transferred to retained earnings - dividends
• B) Net income transferred to retain earnings = net income + dividends
• C) Net income = net income transferred to retain earnings + dividends
• D) Net income transferred to retain earnings - net income = dividends

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