During the Past Year, Easy Supplies Ltd

question 23

Multiple Choice

During the past year, Easy Supplies Ltd.'s assets decreased $33,000, its liabilities decreased $41,000, its share capital increased $5,000, and Easy recorded net profit of $12,000. What was the amount of dividends declared?

• A)$ 1,000
• B)$ 9,000
• C)$12,000
• D)$19,000

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Definitions:

Test-Retest

A method of measuring the consistency of a test by administering the same test to the same subjects at two different points in time.

Focus Group

A qualitative research method involving a small group of people guided by a moderator to discuss and give feedback on products, perceptions, ideas, or services.

Obligated

Bound by a legal, moral, or ethical requirement to act in a certain way.

Storage of Data

The process of saving data in a secure location to ensure it is available for future access, analysis, and backup.