Answered step by step
Verified Expert Solution
Question
1 Approved Answer
The accounts for Mark Ltd for the year ended 30 June 2024 show a profit for the year of 145,000. Retained profits at the beginning
The accounts for Mark Ltd for the year ended 30 June 2024 show a profit for the year of 145,000. Retained profits at the beginning of the year amounted to 660,000 and an ordinary dividend of 30,000 was paid during the year. What will be the retained profits at 30 june 2024 ? a. 835,000 b. 115,000 c. 545,000 d. 775,000
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started