Question: The Retained Earnings account [decreases / increases] by the amount of net income each period and [decreases / increases] by the amount of dividends. Thus,

The Retained Earnings account [decreases / increases] by the amount of net income each period and [decreases / increases] by the amount of dividends. Thus, if Retained Earnings are $100,000 at the start of a period during which a dividend of $20,000 is declared and during which net income is $30,000, Retained Earnings will be

$ at the end of the period.

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