Question: Select what will be the most correct calculation of retained earnings for next year. (Hint- you can either use your net income to pay dividends

Select what will be the most correct calculation of retained earnings for next year. (Hint- you can either use your net income to pay dividends or keep it as retained earnings)

- Add next year's gross income to this year's retained earnings.

- Add next year's net income plus dividends to this year's retained earnings.

- Add next year's net income minus dividends paid to this year's retained earnings.

- Add this year's retained earnings to profit after taxes.

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