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What is the value of the dividends paid

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Reference no: EM132757802

Problem 1: A company makes a profit before tax of R50 000. Its opening retained earnings was R350 000 and its closing retained income was R360 000. The tax rate is 28%. What is the value of the dividends paid?

a) R10 000
b) R18 720
c) R26 000
d) R40 000

Reference no: EM132757802

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