A company's investors make an initial contribution of $10,000 to start a company. In its first year of operations, the company has $2,000 in revenues and
$500 in expenses. Before the first year ends, the company pays a $600 dividend back to its owners.
What is the company's Retained Earnings at the end of its first year of operations?
$10,900
$10,000
$1,500
$900
$2,000

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Answer:

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