uring the year ended 31 December 2017, Junior Ltd paid R25 000 debenture interest and paid an ordinary dividend of 8 pence per share on 1 million R1 ordinary shares. The retained profit for the year was R160 000. What was Junior Ltd’s profit for the year?

uring the year ended 31 December 2017, Junior Ltd paid R25 000 debenture interest and paid an ordinary dividend of 8 pence per share on 1 million R1 ordinary shares. The retained profit for the year was R160 000. What was Junior Ltd’s profit for the year?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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