Multiple Choice
HRM Consulting Pty Ltd started the year with total assets of $80 000 and total liabilities of $40 000.During the year the business earned $150 000 in income and incurred $95 000 in expenses.Dividends of $20 000 were paid during the year.Equity at the end of the period was:
A) $40 000
B) $45 000
C) $75 000
D) $20 000
Correct Answer:
Verified
Correct Answer:
Verified
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