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What was the Livermore accrual profit for year ended

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Question - Retained profits of Livermore Pty. Ltd. at 1 July, 2016 were $4,400. The accounting records for year ended 30 June, 2017 showed the following: revenues earned $40,500; cash collected from customers $6,500; expenses incurred $33,250; and dividends paid in cash were $1,500. What was the Livermore's accrual profit for year ended 30 June, 2017?

A. $13,750

B. $7,250

C. $5,250

D. $5,750

E. None of the above

Reference no: EM132599182

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