ABC Companys Capital at the beginning is OMR 80,000; retained earnings is OMR 4,000; Net profit is OMR 10,000; Dividend is OMR 6,000 and drawings is OMR 3,000, how much will be the total Owners Equity? O a. OMR 77,000 O b. OMR 61,000 O c. OMR 59,000 O d. OMR 85,000

ABC Companys Capital at the beginning is OMR 80,000; retained earnings is OMR 4,000; Net profit is OMR 10,000; Dividend is OMR 6,000 and drawings is OMR 3,000, how much will be the total Owners Equity? O a. OMR 77,000 O b. OMR 61,000 O c. OMR 59,000 O d. OMR 85,000

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter2: Basic Accounting Systems: Cash Basis

Section: Chapter Questions

Problem 2.12E: Net income and dividends The income statement of a corporation for the month of February indicates a...

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Question

ABC Companys Capital at the beginning is OMR 80,000; retained earnings is OMR 4,000; Net profit is OMR 10,000; Dividend is OMR
6,000 and drawings is OMR 3,000, how much will be the total Owners Equity?
O a. OMR 77,000
O b. OMR 61,000
O C. OMR 59,000
O d. OMR 85,000

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