If the opening balance of retained profits is $850, 000, net profit before tax $150 000, net
Question:
If the opening balance of retained profits is $850, 000, net profit before tax $150 000, net profit after tax $120 000, and $70 000 of dividends were declared, what is the closing balance of retained profits?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
The closing balance of retained profits can be cal...View the full answer
Answered By
ROXAN VEGA
I have extensive hands-on experience and proficiency in assisting students in various subjects. During my tutoring sessions, I prioritize creating a supportive and engaging learning environment. I strive to understand each student's unique learning style and tailor my teaching methods accordingly. I am patient, empathetic, and skilled at breaking down complex concepts into simpler, more manageable parts. I encourage active participation and discussion, promoting critical thinking and problem-solving skills.
One of my strengths as a tutor is my ability to adapt to different learning needs and styles. I can explain difficult concepts using real-life examples, visual aids, or interactive exercises, depending on what works best for the student. I also provide clear explanations, answer questions, and offer guidance in a clear and concise manner.
0 Reviews
10+ Question Solved
Related Book For 
Financial Accounting An Integrated Approach
ISBN: 9780170411028
7th Edition
Authors: Ken Trotman, Elizabeth Carson
Question Posted:
