Accounting 0452 · IGCSE · Limited companies

Limited companies — practice question

A limited company gave the following data. equity total at 1 January 2021: $500\,000$ ordinary share dividend paid on 30 June 2021: $25\,000$ amount transferred to general reserve on 31 December 2021: $12\,000$ equity total at 31 December 2021: $558\,000$ How much profit was earned during the year?

  • A$46\,000$
  • B$58\,000$
  • C$83\,000$
  • D$95\,000$

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