Multiple Choice
Wilmington Fisheries had a Retained Profits account balance on 1 January of $12 000. During the year, the firm had net profit of $7200 and paid a $3600 cash dividend. What is the balance in Retained Profits at the end of the financial year on 31 December?
A) $12 200
B) $15 600
C) $19 600
D) $21 200
Correct Answer:
Verified
Correct Answer:
Verified
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