The projected change in retained earnings equals projected net income less any dividends to be paid.

Name: The projected change in retained earnings equals projected net income less any dividends to be paid.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

This is true according to the accounting equation: Retained Earnings = Beginning Retained Earnings + Net Income - Dividends. Therefore, the projected change in retained earnings would equal projected net income less any dividends to be paid.

The Projected Change in Retained Earnings Equals Projected Net Income