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A company's net income for the year was $80,000. Its beginning retained earnings were $50,000,...

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Accounting

A company's net income for the year was $80,000. Its beginning retained earnings were $50,000, and during the year, it declared and paid dividends of $20,000. What is the ending Retained Earnings?
a) $110,000
b) $80,000
c) $60,000
d) $90,000
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