If the opening balance of retained profits is $850, 000, net profit before tax $150 000, net
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If the opening balance of retained profits is $850, 000, net profit before tax $150 000, net profit after tax $120 000, and $70 000 of dividends were declared, what is the closing balance of retained profits?
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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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