Question
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
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. HRMs profit for the period was:
A. 30000
B. 50000
C. 35000
D. 40000
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The Internal Auditing Handbook
Authors: K. H. Spencer Pickett
3rd Edition
0470518715, 978-0470518717
