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. Equity at the end of the period was
a. $40 000
b. $45 000
c. $75 000
d. $20 000
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A History Of Auditing The Changing Audit Process In Britain From The Nineteenth Century To The Present Day
Authors: Derek Matthews
1st Edition
0415648343, 978-0415648349
