Use the Information Given Below (As at 30 June 2016)

question 47

Multiple Choice

Use the information given below (as at 30 June 2016) to answer the following question.

Assume no dividends were declared during the year. If the balance of retained profits at the start of the year was $50 000, what was the profit for the year?

• A) $30 000
• B) $80 000
• C) $50 000
• D) $40 000

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Definitions:

Dirty Bomb

A type of radiological dispersal device that combines conventional explosives, such as dynamite, with radioactive material to contaminate an area with radiation.

Push Package

A preconfigured collection of medical supplies and medications quickly dispatched to respond to a health emergency or disaster.

Toxic Chemical

A substance that can pose a risk of harm to health, safety, or the environment when introduced in certain quantities or conditions.

Lighter Than Air

Refers to gases or materials that are less dense than the surrounding air, allowing them to float or rise.