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Calculate the profit for ABC for the period

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Reference no: EM132855728

Question - ABC Restaurant Sdn Bhd started the year with total assets of RM90,000 and total liabilities of RM40,000. During the year the business earned RM100,000 in income and incurred RM55,000 in expenses. Dividends paid were RM10,000. Calculate the profit for ABC for the period?

a. RM35,000

b. RM45,000

c. RM20,000

d. RM90,000

Reference no: EM132855728

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