Which of the following is the best estimate of retained earnings in year t?
A) Retained earningsT₊₁ + Net incomeT-₁ - DividendsT-₁
B) Retained earningsT + Net incomeT₊₁ - DividendsT-₁
C) Retained earningsT-₁ + Net incomeT - DividendsT
D) Retained earningsT + Net incomeT + DividendsT
Correct Answer:
Verified
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