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Question
Helium Brands Ltd. has a beginning balance of retained earnings of $185 million. Helium has a net income of $48 million and has paid a dividend of $15 million in the current year. The ending balance of retained earnings is:
a. $248 million.
b. $185 million.
c. $170 million.
d. $137 million.
e. $218 million.
Answer
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