Use the Information Given Below to Answer the Following Questions

question 62

Multiple Choice

Use the information given below to answer the following questions:
On 30 June 2011, Easter Ltd declared a final dividend. During the year ended 30 June 2012, Easter Ltd earned revenues of $1200 and incurred expenses of $800. Retained profits at 1 July 2011 were $700, and at 30 June 2012, $850. At 30 June 2012, assets totalled $2800 and share capital $1500. There were no transfers to reserves during the year ended 30 June 2012.
-What was the net profit or loss of Easter Ltd for the year?

• A) net profit $2000
• B) net profit $1200
• C) net loss $400
• D) net profit $0.

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Definitions:

Percept

The end product of the process of perception, integrating sensory input to form a meaningful internal representation of the external world.

Visual Perception

The brain's process of organizing and interpreting visual information from the environment, enabling us to recognize objects and landscapes.

Haptic

Haptic relates to the sense of touch and the perception and manipulation of objects using the skin and movement, including sensations of texture, temperature, and pain.

Auditory

Relating to the sense of hearing or the sound-processing system of the body.