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fatman fatman
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6 years ago
Gem Corp. has $100 million in assets and $50 million in liabilities. Last year, the company earned $10 million in net profit and paid out $5 million in dividends to shareholders. What are the retained earnings for the company?
A) $90 million
B) $50 million
C) $5 million
D) $45 million
E) $95 million
Textbook 
Business Essentials, Canadian Edition

Business Essentials, Canadian Edition


Edition: 8th
Authors:
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CavenCaven
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