question 4

pts auty 13 . a) other controls b) independent internal verification c) establishment of responsibility d) segregation of duties 4. ABC Ltd had total assets of $80,000 and total liabilities of $50,000 at the beginning of the year. During the year the business recorded $110,000 in revenues, $55,000 in expenses, and dividends of $25,000 were distributed. Equity at the end of the year is: a) $55,000 b) $60,000 c) $65,000 d) $45,000 ed States) DFocus