Solved

During June, Sing Tao Inc

Question 102

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:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions