On its 2x09 balance sheet, sherman books had retained earnings equal to $510 million. on its 2x10 balance sheet, retained earnings were also equal to $510 million. which of the following statements is most correct?
a. the company must have had net income equal to zero in 2x10.b. the company did not pay dividends in 2x10.c. if the company’s net income in 2x10 was $200 million, dividends paid must have also equaled $200 million. d. if the company lost money in 2x10, they must have paid dividends.
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On its 2x09 balance sheet, sherman books had retained earnings equal to $510 million. on its 2x10 ba...
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