Which of the following transactions affects both retained earnings and net income?

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answerhappygod
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Which of the following transactions affects both retained earnings and net income?

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) The payment of a cash dividend.
B) The recording of revenue for services provided.
C) The issuance of stock in exchange for cash.
D) The borrowing of money from a bank.
Answer: B
Explanation: Recording of revenue increases net income, which in turn increases retained
earnings.
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