Multiple Choice
ABC Restaurant Pty Ltd started the year with total assets of $90 000 and total liabilities of $40 000.During the year the business earned $100 000 in income and incurred $55 000 in expenses.Dividends paid were $10 000.
Equity at the end of the period was:
A) $50 000.
B) $85 000.
C) $35 000.
D) $45 000.
Correct Answer:
Verified
Correct Answer:
Verified
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