As of December 31, 2011, Lojas Company Reported Assets of R$3,700,000

question 31

Multiple Choice

As of December 31, 2011, Lojas Company reported assets of R$3,700,000, liabilities of R$1,100,000, share capital of R$990,000 and retained earnings of R$1,610,000.Total equity reported on the statement of financial position as of that date is

• A)R$620,000.
• B)R$2,600,000.
• C)R$2,700.000.
• D)R$3,700,000.

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Definitions:

Quantity Demanded

The actual amount of a good or service consumers are willing to buy at some specific price.

Importing Country

A country that buys goods and services from other countries for domestic consumption or use.

Tariff

A tax imposed by a government on goods and services imported from other countries, used to control trade volumes and protect domestic industries.

Oranges In South Africa

Refers specifically to the cultivation, production, and market dynamics of oranges within the South African context.