Suppose Bratwurst Ltds accounting records showed the following for the next year, 2020: revenues earned $14 200,
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Suppose Bratwurst Ltd’s accounting records showed the following for the next year, 2020: revenues earned $14 200, cash collected from customers $13 800, expenses incurred $12 900, dividends declared $600. (Remember, retained profits equalled $2200 at the end of 2019.) What was Bratwurst’s net profit for 2020 and its retained profits as at the end of 2020
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Related Book For 
Financial Accounting An Integrated Approach
ISBN: 9780170411028
7th Edition
Authors: Ken Trotman, Elizabeth Carson
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