Elance Exams Answers PDF file

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What equation is used when calculating the statement of retained earnings?

Beginning Retained Earnings + Net Income – Assets = Ending Retained Earnings
Beginning Retained Earnings + Net Income – Ending Retained Earnings = Dividends
Beginning Retained Earnings + Net Income – Dividends = Ending Retained Earnings
Beginning Retained Earnings + Liabilities – Dividends = Ending Retained Earnings
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