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Using the following information, what is the balance of retained profits at 1 January 2016? $ Current assets 50 000 Noncurrent assets 250 000 Current
Using the following information, what is the balance of retained profits at 1 January 2016? $ Current assets 50 000 Noncurrent assets 250 000 Current liabilities 25 000 Noncurrent liabilities 50 000 Share capital 150 000 Revenue 50 000 Expenses 25 000 Dividends 10 000
Select one:
A. $35 000 B. $40 000 C. $60 000 D. $140 000
could you please show me the workings
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Applying IFRS Standards
Authors: Ruth Picker, Kerry Clark, John Dunn, David Kolitz, Gilad Livne, Jance Loftus, Leo Van Der Tas
4th Edition
1119159229, 9781119159223
