Question: Net income is allocated to which two items? Question 6 Answer a . Shareholders' equity and cash. b . Taxes and dividends. c . Paid

Net income is allocated to which two items?
Question 6Answer
a.
Shareholders' equity and cash.
b.
Taxes and dividends.
c.
Paid-in surplus and cash.
d.
Retained earnings and dividends.
e.
Paid-in surplus and dividends.

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