The Accounts for Mark Ltd for the Year Ended 30

question 9

Multiple Choice

The accounts for Mark Ltd for the year ended 30 June 2024 show a profit for the year of £145,000. Retained profits at the beginning of the year amounted to £660,000 and an ordinary dividend of £30,000 was paid during the year. What will be the retained profits at 30 June 2024?

• A) £545,000
• B) £835,000
• C) £775,000
• D) £115,000

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Definitions:

Myelin

Myelin is a fatty substance that forms a sheath around the axons of neurons, facilitating faster transmission of electrical impulses along the nerve cells.

Axon

A lengthy, slim part of a nerve cell, known as a neuron, that typically moves electrical impulses from the neuron's core body.

Impulses

Sudden, involuntary urges to perform an action or a series of actions without conscious thought.

Glial Cell

Non-neuronal cells in the nervous system that support, protect, and nourish neurons.