Sing Tao inc. began operations on June 2, 2020. During June, Sing Tao sold ordinary shares for HK$22,900,000, earned revenue of HK$4,040,000, incurred expenses of HK$2,060,000, and paid dividends of HK$60,000. Equity at the end of June is

HK$1,920,000.

HK$1,980,000.

HK$24,820,000.

HK$26,941,000.

Answer rating: 100% (QA)

The detailed answer for the above question is provided below We can use the accounting equation ... View the full answer