In the year ended 31 December 2022, Glass Pool Fencing Ltd reported profit of $212,000. The Balance Sheet showed Retained Earnings had an opening balance at 1 January 2022 of $187,000 and a closing balance at 31 December 2022 of $225,000. Assuming no other adjustments have been posted through the Retained Earnings account, what is the amount of dividend declared to the shareholders for the year ended 31 December 2022?

Answer rating: 100% (QA)

To find the amount of dividend declared to the shareholders for the year ended 31 Dec... View the full answer