Multiple Choice
Assume the opening balance of equity (01/07/2014) is $1,400,000.During 2014/15,there was a share issue of $540,000,dividends declared of $280,000 and a profit for the year of $710,000,What is the equity balance on the 30/06/2015?
A) $2,650,000
B) $2,370,000
C) $2,930,000
D) Not enough data to calculate the closing balance.
Correct Answer:
Verified
Correct Answer:
Verified
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