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During 2009,Hillary Ltd earned revenue of $1000 and a net profit of $200.Retained profits at 31 December 2009 were $540 and dividends declared and paid totalled $160.At the same date,liabilities were $260 and assets $1800.There were no transfers to reserves during 2009.What was the balance of Hillary Ltd's retained profits at 1 January 2009?
Unconditional Support
Assistance or backing provided without any conditions, limitations, or reservations.
Inexpensive
describes an item or service that does not cost a lot of money, making it readily affordable.
Family Therapist
A mental health professional who specializes in analyzing and treating family dynamics and issues within the context of family relationships.
Psychoanalyst
A psychoanalyst is a professional who practices psychoanalysis, exploring unconscious motivations and conflicts to treat mental disorders.
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