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Determining Company Performance and Retained Earnings Using the Accounting Equation Use your knowledge of accounting...

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Question

Accounting

Determining Company Performance and Retained Earnings Using the Accounting Equation Use your knowledge of accounting relations to complete the following table for L Brands, Inc. (All amounts in $ millions.)

Fiscal year ending Feb. 2, Year 1 Feb. 1, Year 2
Beginning retained earnings (deficit) $474 $(222)
Net income (loss) Answer 582
Dividends paid

1,899

Answer
Ending retained earnings (deficit)

Answer

$332

Answer & Explanation Solved by verified expert
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