Sing Tao Inc

question 243

Multiple Choice

Sing Tao Inc. began operations on June 2, 2014. During June, Sing Tao sold ordinary shares for HK$17,175,000, earned revenue of HK$3,030,000, incurred expenses of HK$1,545,000, and paid dividends of HK$45,000. Retained earnings at June 30, 2014

• A) HK$1,440,000.
• B) HK$1,485,000.
• C) HK$18,615,000.
• D) HK$20,206,000.

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