Use the Information Given Below (As at 30 June 2016)to

question 17

Multiple Choice

Use the information given below (as at 30 June 2016) to answer the following question. A
-ssume no dividends were declared during the year.If the balance of retained profits at the start of the year was $50 000,what was the profit for the year?

• A) $30 000
• B) $80 000
• C) $50 000
• D) $40 000

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Definitions:

Emotional Arousal

The physiological and psychological state of being awoken or stimulated to action.

Use It or Lose It

A principle suggesting that failing to use certain skills or abilities can lead to their deterioration over time.

Replacement Theory

A hypothesis or theory suggesting that one entity, idea, or system takes the place of another due to various factors such as evolution, innovation, or cultural shifts.

Cue-dependent Forgetting

A theory suggesting that forgetting occurs when the cues present at the time of encoding information are not present at the time of recall.