Jelly Treats makes confectionery and at the start of the year had net assets of 440. Movement of net assets are described below.
Please calculate the retained profit for the period.
Proceeds received from issue of
new shares 150,
Increase in fair value reserve 85,
Dividends paid 200,
Gain on revaluation of property 70,
Net assets at end of period 785.

Answer rating: 100% (QA)

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