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What is at the start of the fiscal year

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Reference no: EM133010396

Problem 1: On december 31 2021 at the end of leon limited fiscal year the balance in retained earnings was 290000 during the year income tax expense was 40000 profit before income tax was 110000 and dividends declared and paid during the year were 60000 that was the balance in retained earnings on january 1 2021 that is at the start of the fiscal year

Reference no: EM133010396

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