Business, 17.07.2019 04:20 LEXIEXO

On its 2016 balance sheet, sherman books showed a balance of retained earnings equal to $510 million. on its 2017 balance sheet, the balance of retained earnings was also equal to $510 million. which of the following statements is most correct? select one: a. the company must have had net income equal to zero in 2017. b. the company did not pay a dividend in 2017. c. if the company’s net income in 2017 was $200 million, dividends paid must have also equaled $200 million. d. if the company lost money in 2017, they must have paid a dividend. e. none of the statements above is correct.

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On its 2016 balance sheet, sherman books showed a balance of retained earnings equal to $510 million...