What is the impact to retained earning for corporation a

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Problem 1: In 2020 Corporation A had revenues of $525,000, expenses of $150,000, and declared dividends of $85,000. What is the impact to Retained Earnings?

A) increase of $290,000

B) increase of $460,000

C) decrease of $290,000

D) decrease of $460,000

E) none of the above

Reference no: EM133009691

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