Use the information below to answer questions Turnover...........................N120 000 Net profit before tax..............N40 000 Net...
FINANCIAL
JAMB 2006
Use the information below to answer questions
Turnover...........................N120 000
Net profit before tax..............N40 000
Net profit b/f.....................N68 000
Proposed dividends:
Ordinary shares....................N8 000
Preference shares..................N6 000
Corporate tax is 30%...............N10 000
The undistributed profit carried forward is?
- A. N 68 000
- B. N 20 000
- C. N 74 000
- D. N 34 000
Correct Answer: A. N 68 000
Post an Explanation Or Report an Error
If you see any wrong question or answer, please leave a comment below and we'll take a look. If you doubt why the selected answer is correct or need additional more details? Please drop a comment or Contact us directly. Your email address will not be published. Required fields are marked *