Multiple Choice
During 2019, Beta Ltd incurred expenses of $30 000 and earned a net profit of $5 000. Retained profits at 1 January 2019 stood at $7 000 and dividends declared and paid totalled $3 000. What was the balance of Beta Ltd's retained profits at 31 December 2019?
A) $3 000
B) $5 000
C) $9 000
D) $15 000
Correct Answer:
Verified
Correct Answer:
Verified
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