Accounting 0452 · IGCSE · Limited companies

Limited companies — practice question

At the beginning of the year, X Limited had ordinary share capital of $\$100000$. During the year, an ordinary share dividend of $\$3000$ was paid. After that, another $\$10000$ of ordinary shares were issued. The profit for the year came to $\$8000$. By how much had equity risen by the end of the year?

  • A$7000
  • B$10000
  • C$15000
  • D$18000

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