A company's net income for the year is $50,000. Its beginning retained earnings were $20,000,...

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Accounting

A company's net income for the year is $50,000. Its beginning retained earnings were $20,000, and during the year, it paid dividends of $10,000. What is the ending Retained Earnings?
a) $60,000
b) $110,000
c) $40,000
d) $30,000
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