ABC Is a Company That Commenced Business on 1 January

question 8

Multiple Choice

ABC is a company that commenced business on 1 January 2016. Below are the balances in the 30 June 2016 financial statements.

What is the balance of assets?

• A) $8000
• B) $10 000
• C) $16 000
• D) None of the answers provided

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Definitions:

Rust-Colored Sputum

Sputum with a rust-like color, often indicating the presence of blood, and commonly associated with certain bacterial infections, such as pneumonia.

Tuberculosis

A bacterial infection caused by Mycobacterium tuberculosis, primarily affecting the lungs but can spread to other organs.

Night Sweats

Excessive sweating during the night, often associated with medical conditions or hormonal changes.

Coarse

Describing a texture that is rough, thick, or not smooth, often applied to hairs, fabrics, or other materials.