HRM Consulting Pty Ltd Started the Year with Total Assets

question 24

Multiple Choice

HRM Consulting Pty Ltd started the year with total assets of $80 000 and total liabilities of $40 000.During the year the business earned $150 000 in income and incurred $95 000 in expenses.Dividends of $20 000 were paid during the year.HRM's profit for the period was:

• A) $55 000
• B) $40 000
• C) $30 000
• D) $35 000

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Definitions:

Neuron Death

The process of cell death in neurons, which can result from disease, injury, or aging, leading to various neurological conditions.

Early-Onset Alzheimer's

Alzheimer's disease diagnosed before the age of 65, typified by the same symptoms as late-onset but progresses rapidly.

Protein-Producing Genes

Genes that provide instructions for creating proteins, which are crucial for the body's structure and functions.

Senile Plaques

Sphere-shaped deposits of beta-amyloid protein that form in the spaces between certain brain cells and in certain blood vessels as people age. People with Alzheimer’s disease have an excessive number of such plaques.