During 2016,Lift Ltd Earned Revenues of $500 and Incurred Expenses

question 35

Multiple Choice

During 2016,Lift Ltd earned revenues of $500 and incurred expenses of $650.Retained profits at 1 January 2016 were $400,and at 31 December 2016 they were $225.
-What was the dividend declared by Lift Ltd during the year?

• A) $25
• B) $175
• C) $325
• D) None of the answers provided

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Definitions:

Monitors

Devices or people appointed to observe, check, and keep a continuous record of a process or situation.

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Individuals responsible for controlling or administering all or part of a company or similar organization.

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Educational institutions that provide schooling for preteen and early teenage students, often encompassing grades 6 through 8.

Early-childhood

A period in human development from birth up to approximately 8 years, characterized by rapid physical and mental growth.