A company has been losing a lot of money the last couple of years. Assuming...
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Finance
A company has been losing a lot of money the last couple of years. Assuming the company did not issue more debts or equities, which of the following is correct?
I. Retained earnings balance will decline.
II. Shareholder's equity will decline.
III. Paid-in capital/Capital surplus will decline.
III only
I and II
I only
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