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
Correct Answer:
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