During 2016,JLK Ltd Earned Revenue of $2000 and a Net

question 44

Multiple Choice

During 2016,JLK Ltd earned revenue of $2000 and a net profit of $500.Dividends of $400 were declared.At 1 January 2016,the balance of retained profits was $890,assets were $3800 and liabilities were $1500.What was the balance of JLK Ltd's retained profits at 31 December 2016?

• A) $790
• B) $890
• C) $990
• D) $2490

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Definitions:

Annual Report

A comprehensive report issued by a company, detailing its activities, financial performance, and strategies over the past fiscal year, often used by stakeholders to assess the company's health.

Financial Success

The achievement of financial objectives and stability, often measured by profitability, growth, and value generation.

IPO

Initial Public Offering, the process by which a private company goes public by offering its stocks to the public for the first time.

Aided Recall Test

A performance metric in which respondents are asked to recall advertisements based on clues they receive to help stimulate their memory.