Multiple Choice
The balance of retained profits at the beginning of a period was $1000 and at the end of the period it was $850.A dividend of $50 was declared and paid.What was the net profit/loss for the period?
A) Net loss $100
B) Net profit $100
C) Net loss $200
D) Net profit $200
Correct Answer:

Verified
Correct Answer:
Verified
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