Sing Tao Inc

question 197

Multiple Choice

Sing Tao inc.began operations on June 2, 2011.During June, Sing Tao sold ordinary shares for HK$11,450,000, earned Revenue of HK$2,020,000, incurred expenses of HK$1,030,000, and paid dividends of HK$30,000.Equity at the end of June is

• A)HK$960,000
• B)HK$990,000
• C)HK$12,410,000
• D)HK$13,471,000

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Definitions:

Advertising Companies

Businesses specializing in creating, planning, and handling advertisements and sometimes other forms of promotion.

Manufacturers

Entities or individuals that create or produce goods and products on a large scale using machinery and labor in various industries.

Illness

A state of health in which a person suffers from a disease or ailment, affecting their normal physiological function.

Chronic Diseases

Long-lasting medical conditions that are usually progressive and may require ongoing management or treatment.