Question
TWZ Ltd was set up in 2008 with contributed share capital of $100,000. In 2008 the business made a loss of $60,000. In 2009 the
TWZ Ltd was set up in 2008 with contributed share capital of $100,000. In 2008 the business made a loss of $60,000. In 2009 the business made a profit of $150,000. In 2009 the business paid a dividend of $20,000. The shareholders' equity of TWZ at the end of 2009 was:
a. $100,000
b. $250,000
c. $170,000
d. $190,000
e. $230,000
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Managerial Accounting Creating Value in a Dynamic Business Environment
Authors: Ronald W. Hilton
11th edition
125956956X, 978-1259569562
