Assume the balance in the retained profit account 30/06/2014 is $57,000.The profit for 2014/15 is $32,000 and dividends declared are $40,000.What is the balance in retained profits 30/6/2015?
A) $49,000.
B) $89,000.
C) $65,000.
D) None of the above.
Correct Answer:
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