A company has net income of $225,000 and declares and pays dividends in the amount of $75,000.

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A company has net income of $225,000 and declares and pays dividends in the amount of $75,000. What is the net impact on retained earnings?
a. Increase of $225,000
b. Decrease of $75,000
c. Increase of $150,000
d. Decrease of $150,000

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Financial Accounting

ISBN: 9781264229734

11th Edition

Authors: Robert Libby, Patricia Libby, Frank Hodge

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Question Posted: Sep 27, 2022 02:28 AM

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A company has net income of $225,000 and declares and pays dividends in the amount of $75,000.

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Financial Accounting

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