Use the Information Given Below (As at 30 June 2019)

question 13

Multiple Choice

Use the information given below (as at 30 June 2019) 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) $50 000
• C) $80 000
• D) None of the above

---

Definitions:

Causal Order

The sequence in which cause and effect events occur, indicating a relationship where one action or event directly influences another.

Experimental Method

A research methodology that involves manipulating one variable to determine if changes in one variable cause changes in another variable.

Parsimonious Theory

A theory that explains a phenomenon in the simplest terms, using a minimum number of principles or assumptions.

Diverse Observations

Encompasses the act of noticing or perceiving a wide range of different aspects, situations, or behaviors, emphasizing the importance of a broad perspective.