Accounting 0452 · IGCSE · Limited companies

Limited companies — practice question

R Limited supplied the information below. On 1 January 2024: ordinary share capital $350\,000$, retained earnings $46\,000$, general reserve $37\,000$. During the year ending 31 December 2024: profit for the year $32\,000$, dividends paid $20\,000$. What was total equity worth at year end?

  • A$408\,000$
  • B$428\,000$
  • C$445\,000$
  • D$465\,000$

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