Question
Ningbo Steel had year end 2010 and 2011 retained earnings balances of $5,000,000 and $6,000,000 respectively. The firm paid $100,000 of dividends in 2011. Based
Ningbo Steel had year end 2010 and 2011 retained earnings balances of $5,000,000 and $6,000,000 respectively. The firm paid $100,000 of dividends in 2011. Based on this information, Ningbo Steels net profit after taxes in 2011 was:
Answer
| $100,000 | ||
| $900,000 | ||
| $1,000,000 | ||
| $1,100,000 | ||
| none of the above |
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Legal Handbook For Financial Planning In 2019
Authors: Allen Buckley
1st Edition
1091578826, 978-1091578821
