In a company statement of financial position, the balance of retained profit at the end of the period is equal to:

Name: In a company statement of financial position, the balance of retained profit at the end of the period is equal to:
Brand: Quizplus
Rating: 4.9 (48 reviews)

Question

Quizplus · Accepted Answer

The balance of retained profit at the end of the period is the sum of retained profit at the beginning of the period plus profit earned during the period minus dividends declared during the period. Therefore, choice B is the correct answer.

In a Company Statement of Financial Position, the Balance of Retained