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At the end of the year, retained earnings totaled $1,700. During the year, net income was $250, and dividends of $120 were declared and paid. Retained earnings at the beginning of the year totaled:

A. $2,070

B. $1,330

C. $1,230

D. $1,570

Accounting Basics, Accounting

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  • Reference No.:- M941500

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