Accounting 0452 · IGCSE · Limited companies

Limited companies — practice question

A limited company gave the following figures. non-current assets $35\,000 ordinary share capital $40\,000 $5\%$ debentures $10\,000 net current assets $30\,000 What amount of retained earnings was there?

  • A$15\,000
  • B$25\,000
  • C$55\,000
  • D$115\,000

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