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Financial Reporting MCQs

The formula to calculate Ending Retained Earnings is ______.

Ending Retained Earnings = Cash + Current Assets - Fixed Assets

Ending Retained Earnings = Beginning RE - Investments - Dividends Paid + Net Income

Ending Retained Earnings = Investments + Dividends - Net Income

Ending Retained Earnings = Change in Accounts Receivable - Change in Accounts Payable

Answer

Correct Answer: Ending Retained Earnings = Beginning RE - Investments - Dividends Paid + Net Income

Explanation:

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