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LPR Is a Company That Commenced Business on 1 January

Question 27

Multiple Choice

LPR is a company that commenced business on 1 January 2019. Below are the balances in the 30 June 2019 financial statements. LPR is a company that commenced business on 1 January 2019. Below are the balances in the 30 June 2019 financial statements. What is the net profit for the period ending 30 June 2019? A) $15 000 B) $25 000 C) $40 000 D) None of the above What is the net profit for the period ending 30 June 2019?


A) $15 000
B) $25 000
C) $40 000
D) None of the above

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