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: moodle 1.du.edu.om Question 1 Not yet answered Marked out of 2 Flag question Salalah...

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Accounting

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: moodle 1.du.edu.om Question 1 Not yet answered Marked out of 2 Flag question Salalah company is in the process of financial forecasting for the next year. The company's balance sheet shows a retained earnings of 700 in the last year and forecasted income statement showed a net profit of 400. The management had decided to distribute 30% of the profit as dividend. According to the information above, which of the following would be the retained earnings in the forecasted balance sheet? Select one: O a. 980 b. 1100 O c. 700 O d. 1120

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