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 $37\,000$ For the year ended 31 December 2024: profit for the year $32\,000$ dividends paid $20\,000$ What was the amount of total equity at the end of the year?

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

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