On January 1, Bee Gees Inc. had a retained earnings balance of $900. During the year, Bee
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On January 1, Bee Gees Inc. had a retained earnings balance of $900. During the year, Bee Gees reported net income of $600 and paid cash dividends of $1,000. Calculate the retained earnings balance at its December 31 year-end.
a. $(400).
b. $2,500.
c. $700.
d. $(700).
e. $500.
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