Use the information given below to answer the following questions:
During 2012, Bull Ltd earned revenues of $500 and incurred expenses of $650. Retained profits at 1 January 2012 were $400, and at 31 December 2012 they were $225. At 31 December 2012, assets totalled $1125 and share capital $300. There were no transfers to reserves during 2012.
-What was the dividend declared by Bull Ltd during the year?
A) $25
B) $175
C) $325
D) $50.

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The Answer of Use the information given below to answer the following questions:
During 2012, Bull Ltd earned revenues of $500 and incurred expenses of $650. Retained profits at 1 January 2012 were $400, and at 31 December 2012 they were $225. At 31 December 2012, assets totalled $1125 and share capital $300. There were no transfers to reserves during 2012.
-What was the dividend declared by Bull Ltd during the year?
A) $25
B) $175
C) $325
D) $50.

Use the Information Given Below to Answer the Following Questions