During 2016,JLK Ltd Earned Revenue of $2000 and a Net

question 44

Multiple Choice

During 2016,JLK Ltd earned revenue of $2000 and a net profit of $500.Dividends of $400 were declared.At 1 January 2016,the balance of retained profits was $890,assets were $3800 and liabilities were $1500.What was the balance of JLK Ltd's retained profits at 31 December 2016?

• A) $790
• B) $890
• C) $990
• D) $2490

---

Definitions:

Wellness Lecture

An educational session focusing on improving health and wellbeing through various practices, behaviors, and lifestyle choices.

PTSD

Post-traumatic stress disorder, a mental health condition triggered by experiencing or witnessing a terrifying event, characterized by flashbacks, nightmares, and severe anxiety.

Severe Acute Respiratory Syndrome

A contagious and sometimes fatal respiratory illness caused by a coronavirus, known as SARS-CoV, characterized by fever, cough, and difficulty breathing.

Relaxation Strategies

Techniques and activities aimed at reducing stress and inducing a state of calm, such as meditation, deep-breathing exercises, and yoga.