QUESTIONS 45 THROUGH 68 RELATE TO FINANCIAL STATEMENT ANALYSIS

46. - MOCK AND SAMPLE EXAMS CFA LEVEL I MOCK EXAM AFTERNOON 2012
MOCK AND SAMPLE EXAMS CFA LEVEL I MOCK EXAM AFTERNOON 2012
46. At the start of the year, a company’s capital contributed by owners and retained earnings accounts had balances of $10,000 and $6,000, respectively. During the year, the following events took place: Net income earned $4,000Interest paid on debt $ 500Repayment of long-term debt $1,000Proceeds from shares issued $1,000Dividends paid $ 600The end of year owners’ equity is closest to: A. $19,400. B. $19,900. C. $20,400.