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Both Colleen and Faye were recently diagnosed with Lupus. Colleen took the news badly and immediately assumed she would live out the rest of her life in pain and frustration. Faye, on the other hand, was momentarily shocked by the news, but felt comfortable that she and her family would adjust and make the best of a difficult situation. As Colleen became more reclusive and depressed, her symptoms seemed to worsen as she originally predicted they would. In contrast, Faye exercised when able and took the opportunity to enhance her relationships with friends and family. Over time, Faye's symptoms began to lessen. Which of the scenarios below would be the LEAST likely scenario in relation to Colleen and Faye's current status?
Tax Effect
Refers to the impact of tax laws on an entity's financial statements, specifically how changes in tax rates or laws affect the valuation of assets, liabilities, and net income.
Intragroup Transfers
Transactions of goods, services, or financial assets between divisions or entities within the same group or company.
Retained Earnings
The portion of net income that is retained by a company rather than distributed to its shareholders as dividends.
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