Question: XYZ company showed a decrease of $12 million in its retained earnings from 12/31 / 2019 to 12/31 / 2020 . During 2020 XYZ paid

Select one :

a. XYZ had net income of $17 million in 2020

b. XYZ had a net income of $12 million in 2020

c. XYZ had a net loss of $17 million in 2020.

d. XYZ had a net loss of $7 million in 2020

XYZ company showed a decrease of $12 million in its retained earnings from 12/31/2019 to 12/31/2020. During 2020XYZ paid dividends of $5 million. Which of the following best explains this change? Select one: a. XYZ had net income of $17 million in 2020 b. XYZ had a net income of $12 million in 2020 c. XYZ had a net loss of $17 million in 2020 . d. XYZ had a net loss of $7 million in 2020

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