If the opening balance in retained profits is $100 000, net profit after tax is $60 000

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If the opening balance in retained profits is $100 000, net profit after tax is $60 000 and dividends declared and paid is $40 000, what is the balance of retained profits at year-end?

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Financial Accounting An Integrated Approach

ISBN: 9780170411028

7th Edition

Authors: Ken Trotman, Elizabeth Carson

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Question Posted: Aug 18, 2023 02:39 PM

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If the opening balance in retained profits is $100 000, net profit after tax is $60 000

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The balance of retained profits at yearend can be calc...View the full answer

Financial Accounting An Integrated Approach

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