Assets at the End of the Period Are $120 000

question 58

Multiple Choice

Assets at the end of the period are $120 000 and liabilities have increased by $36 000.Dividends of $12 000 were declared and paid,and no shares were issued during the period.The net profit or loss during the period is:

• A) $96 000 net profit
• B) $72 000 net profit
• C) $12 000 net loss
• D) not determinable from the above information.

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Definitions:

Self-managed Group

A team organized to work collaboratively without a direct supervisor, often responsible for planning, execution, and monitoring of their work.

Satisfaction

The feeling of pleasure or contentment resulting from the fulfillment of one’s desires or needs.

Larger Groups

The concept where the size of a group exceeds what is considered small, influencing dynamics and interactions within.

Success

The achievement of a goal or the attainment of a desired objective or outcome.