During the Year Ended 30 June 2019, March Ltd Earned

question 10

Multiple Choice

During the year ended 30 June 2019, March Ltd earned revenues of $1 200 and incurred expenses of $800. Retained profits at 1 July 2018 were $700, and at 30 June 2019, $850. What was the dividend declared by March Ltd during the year?

• A) $150
• B) $250
• C) $550
• D) None of the above

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