Post Utme Babcock University 2018 Accounting Question 2
Practice objective / multiple choice question 2 from the 2018 Post Utme Babcock University Accounting examination.
A company has the following transactions: 1. Issued 10,000 shares of common stock at 5 per share. 2. Purchased equipment for 80,000 cash. 3. Sold 5,000 shares of common stock at 10 per share. 4. Declared and paid a dividend of 20,000. What is the total amount of retained earnings at the end of the period?
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This is Post Utme Babcock University 2018 Accounting Question 2. It is one of the objective questions from the 2018 Post Utme Babcock University Accounting examination.
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