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What was the amount of interim dividend paid during the year

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Question - The retained profits of Franko Ltd at the beginning of the year were $270,000 and at the end of the year $320,000. Net profit after tax for the year was $510,000. During the year, $100,000 was transferred to general reserve. The proposed final dividend at the beginning of the year was $200,000 and at the end of the year $250,000. What was the amount of interim dividend paid during the year?

a. $260,000

b. None of these options

c. $110,000

d. $160,000

Reference no: EM132750628

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