Gross earnings........................N950 000 Current liabilities...................N100 000 Operating expenses....................N350 000 10% debentures........................N400 000 Shareholder's fund....................N1300 000...
FINANCIAL
JAMB 2006
Gross earnings........................N950 000
Current liabilities...................N100 000
Operating expenses....................N350 000
10% debentures........................N400 000
Shareholder's fund....................N1300 000
Corporate tax is 30%
- A. 33%
- B. 35%
- C. 20%
- D. 30%
Correct Answer: D. 30%
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