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manoj6694
Jan 21, 2009, 08:20 PM
Which of the following statements regarding net income transferred to retained earnings is correct?and why


Net income = net income transferred to retained earnings - dividends
Net income transferred to retain earnings = net income + dividends
Net income = net income transferred to retain earnings + dividends
Net income transferred to retain earnings - net income = dividends
pready
Jan 28, 2009, 06:07 PM
Retained Earnings is a Balance Sheet account.

Net income is the difference of Revenues & Expenses from the Income Statement and is transferred into the Retained Earnings Account less any dividends paid to shareholders.
muslimrao
Jan 29, 2009, 03:03 AM
why u deleted my post ????
muslimrao
Jan 29, 2009, 03:06 AM
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