What was the retained profit for the year ended

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Question - Twister Ltd made a profit for the year ended 2020 of $30,000. That same year, the company had paid preference dividends of $100,000 worth of 5% shares. In addition, an interim ordinary dividends of 4 cents per share was paid on 200,000 ordinary shares. What was the retained profit for the year ended 2020?

Reference no: EM132929563

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