Multiple Choice
Millennium Ltd increased its retained profits from £320,000 at 1 January 2024 to £400,000 at 31 December 2024. If the company paid dividends of £35,000 for the year ended 31 December 2024, then the profit for the year was:
A) £80,000.
B) £45,000.
C) £355,000.
D) £115,000.
Correct Answer:
Verified
Correct Answer:
Verified
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