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    Exam 13: Revenue and Expense Recognition: Additional Concepts
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    Opec Ltd Manufactures Crystal Balls
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Opec Ltd Manufactures Crystal Balls

Question 2

Question 2

Multiple Choice

Opec Ltd manufactures crystal balls. Transactions for year ended 31 December 2016 were as follows:
Opec Ltd manufactures crystal balls. Transactions for year ended 31 December 2016 were as follows:   What was the reported profit for the year 2016? A)  $100 000 B)  $140 000 C)  $180 000 D)  $350 000
What was the reported profit for the year 2016?


A) $100 000
B) $140 000
C) $180 000
D) $350 000

Correct Answer:

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