Question
1.ABC Restaurant Sdn Bhd started the year with total assets of RM90,000 and total liabilities of RM40,000. During the year the business earned RM100,000 in
1.ABC Restaurant Sdn Bhd started the year with total assets of RM90,000 and total liabilities of RM40,000. During the year the business earned RM100,000 in income and incurred RM55,000 in expenses. Dividends paid were RM10,000. The prot for ABC for the period was:
a.RM35,000
b.RM45,000
c.RM20,000
d.RM90,000
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Horngrens Accounting The Managerial Chapters
Authors: Tracie L. Miller Nobles, Brenda L. Mattison, Ella Mae Matsumura
12th edition
013448682X, 978-0134486826
