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Retained Profits of Livermore Pty Ltd at 1 July 2015

Question 61

Multiple Choice

Retained profits of Livermore Pty Ltd at 1 July 2015 were $5500. The accounting records for year ended 30 June 2016 showed the following information:
Retained profits of Livermore Pty Ltd at 1 July 2015 were $5500. The accounting records for year ended 30 June 2016 showed the following information: What was Livermore's net profit for the year ended 30 June 2016? A) $1750 B) $2000 C) $3250 D) $8950
What was Livermore's net profit for the year ended 30 June 2016?


A) $1750
B) $2000
C) $3250
D) $8950

Correct Answer:

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