Trend Co Ltd Was Set Up in 2013 with Share

question 7

Multiple Choice

Trend Co Ltd was set up in 2013 with share capital of $1 000 000.In year 1 a loss of $200 000 was recorded,in year 2 a profit of $50 000 and in year 3 a profit of $450 000.Also in year 3 a dividend of 2% of paid up capital was paid to shareholders and $30 000 was transferred from retained earnings to a general reserve.The shareholder's equity of Trend Co Ltd at the end of year 3 was:

• A)$1 280 000
• B)$1 250 000
• C)$280 000
• D)$250 000

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Definitions:

Children's Testimony

The evidence provided by children in legal settings, which requires careful consideration due to their developmental stage.

Suggestibility

The quality of being inclined to accept and act on the suggestions of others, often studied in psychological contexts.

Los Angeles

A large city in California, known for its entertainment industry, diverse culture, and sprawling metropolitan area.

Jean Piaget

A Swiss psychologist known for his theory of cognitive development that describes how children develop intellectual abilities to adapt to the world around them.