The accounts for Katherine Ltd for last year included the following (in alphabetical order): Calculate net profit,
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The accounts for Katherine Ltd for last year included the following (in alphabetical order):
Calculate net profit, and prepare a note to show the change in retained profits for the year.
Transcribed Image Text:
Dividends declared & paid Income tax expense Miscellaneous revenue from investments Operating expenses Retained profits, beginning of year Revenue from sales $ 75 000 DR 210 250 DR 7 950 CR 2 103 170 DR 260 090 CR 3 219 400 CR
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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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