Question
The general assembly of the ABC Public Shareholding Company decided to distribute the net profit of the company JD 500,000 on 31/12/2020. the Following is
The general assembly of the ABC Public Shareholding Company decided to distribute the net profit of the company JD 500,000 on 31/12/2020. the Following is a shareholders' equity section on 1/1/2020. Share in Capital 10,000,000. Compulsory reserve 150,000. Optional reserve 300,000. Retained Earnings 1,500,000. Optional reserve balance at 1/1/2021 is:
500,000
300,000
100,000
400,000
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Auditing A Modern Approach
Authors: Sanjay Basotia
1st Edition
938092903X, 978-9380929033
