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14 March, 20:35

If retained earnings has instead decreased $47,500 after the closing entries were posted, and the dividends remained the same, what would have been the amount of net income or net loss?

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  1. 14 March, 20:43
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    There will be a net loss since the retained earnings have been decreased by $47,500 after closing the entries. Even if the dividends remain the same. The dividend amount is small compared to the retained earnings and this will result to investment losses.
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