Question
As of 1.1.20x1, the limited liability company Ultima AS had a total equity of NOK 540,000. During 20x1, the company received NOK 175,000 in capital
As of 1.1.20x1, the limited liability company Ultima AS had a total equity of NOK 540,000. During 20x1, the company received NOK 175,000 in capital contributions from its owners. No dividend has been allocated to the owners in 20x1. Total equity as of 31.12.20x1, after the profit for the year has been allocated is NOK 600,000.
What is this year's result in Ultima AS? (Positive numbers are written without signs, negative numbers are written with -; for example -1000).
The result for the year in Ultima AS is NOK
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Advanced Financial Accounting
Authors: Richard Lewis, David Pendrill
6th Edition
0273638335, 978-0273638339
