Multiple Choice
During June, Sing Tao Inc. sold ordinary shares for HK$17,175,000, earned revenue of HK$3,030,000, incurred expenses of HK$1,545,000, and paid dividends of HK$45,000. Net income for June is
A) HK$1,485,000.
B) HK$1,490,000.
C) HK$18,615,000.
D) HK$20,205,000.
Correct Answer:

Verified
Correct Answer:
Verified
Q38: Your friend, James, made this comment:<br>My major
Q53: The final step in solving an ethical
Q71: The primary accounting standard-setting body in the
Q84: Internal users of accounting information include all
Q97: Net income (loss) reported on the income
Q98: During July, its first period of operations,
Q100: The purchase of store equipment for cash
Q101: Recording of economic events involves<br>A) keeping a
Q105: Selected transactions for Tall Timber Tree Service
Q118: Accounting communicates financial information about a business