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Find ending retained earnings

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Reference no: EM131593575

Question: An analyst has collected the following information regarding a company in advance of its year-end earnings announcement (in millions):

Estimated net income                          $ 200

Beginning retained earnings                $ 1,400

Estimated distribution to owners            $ 100

Th e analyst's estimate of ending retained earnings (in millions) should be closest to:

A. $1,300.

B. $1,500.

C. $1,700.

Reference no: EM131593575

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