LPR Is a Company That Commenced Business on 1 January

question 27

Multiple Choice

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

What is the net profit for the period ending 30 June 2016?

• A) $2000
• B) $4000
• C) $5000
• D) $7000

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Definitions:

Retina

A layer at the back of the eyeball containing cells that are sensitive to light and trigger nerve impulses that pass via the optic nerve to the brain, where a visual image is formed.

Thalamus

A part of the brain that acts as a principal relay station for transmitting sensory information.

Optic Nerve

The nerve that conveys information related to vision from the retina to the brain.

Protective Surface

A protective surface refers to any material or coating applied to objects or areas to safeguard against damage, deterioration, or contamination.