During 2016,Beta Ltd Incurred Expenses of $250 and Earned a Net

question 48

Multiple Choice

During 2016,Beta Ltd incurred expenses of $250 and earned a net profit of $50.Retained profits at 1 January 2016 stood at $70 and dividends declared and paid totalled $30.
-What was the balance of Beta Ltd's retained profits at 31 December 2016?

• A) $30
• B) $50
• C) $90
• D) $150

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Definitions:

Industrial Psychology

A field of psychology that applies psychological theories and principles to organizations, focusing on improving workplace productivity, health, and the quality of work life.

School Psychology

A field that applies psychological principles and techniques to education-related challenges, focusing on the mental health and developmental processes of school-aged children.

Observable Behaviours

Behaviors or responses from a person that are observable and quantifiable.

Empirical

Based on observation or experience rather than theory or pure logic.