Junior plc is a company that, during the year ended 31 December 2020, paid $25,000 debenture interest and paid an ordinary dividend of 8 pence per share on 1 million £1 ordinary shares. The retained profit for the year was $160,000. What was Junior plc's profit for the year? Select one: a. $80,000 b. $215,000 c. $240,000 d. $265,000
Junior plc is a company that, during the year ended 31 December 2020, paid $25,000 debenture interest and paid an ordinary dividend of 8 pence per share on 1 million £1 ordinary shares. The retained profit for the year was $160,000. What was Junior plc's profit for the year? Select one: a. $80,000 b. $215,000 c. $240,000 d. $265,000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Junior plc is a company that, during the year ended 31 December 2020, paid $25,000 debenture interest and paid an ordinary dividend of 8 pence per share on 1 million £1 ordinary shares. The retained profit for the year was $160,000. What was Junior plc's profit for the year? Select one: a. $80,000 b. $215,000 c. $240,000 d. $265,000
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