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What is the change in retained earnings

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Question - If service revenue is $260,000, total expenses are $175,000, additional capital stock issued of $13,000 and dividends declared are $4,000, what is the change in retained earnings as a result of the closing process?

an increase of $260,000

an increase of $81,000

an increase of $4,000

an increase of $9,000

Reference no: EM132556498

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