Use the Information Given Below to Answer the Following Questions

question 59

Multiple Choice

Use the information given below to answer the following questions:
On 30 June 2011, Easter Ltd declared a final dividend. During the year ended 30 June 2012, Easter Ltd earned revenues of $1200 and incurred expenses of $800. Retained profits at 1 July 2011 were $700, and at 30 June 2012, $850. At 30 June 2012, assets totalled $2800 and share capital $1500. There were no transfers to reserves during the year ended 30 June 2012.
-What was the dividend declared by Easter Ltd during the year?

• A) $150
• B) $250
• C) $550
• D) this cannot be determined from the above information.

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