Multiple Choice
Assume the balance in the retained profit account 03/06/2017 is $55,000. The profit for 2017/18 is $35,000 and dividends declared are $40,000. What is the balance in retained profits 03/06/2018?
A) $49,000.
B) $89,000.
C) $50,000.
D) None of the above.
Correct Answer:
Verified
Correct Answer:
Verified
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