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 were the revenues of Beta Ltd during 2016?
A) $200
B) $250
C) $300
D) $330

Question

Quizplus · Accepted Answer

The revenue can be calculated by adding the net profit to the expenses. So, $50 (net profit) + $250 (expenses) = $300.

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