Multiple Choice
The income statement of Berrima Barbed Wire Ltd is:
If the rate of income tax were raised to 40 per cent, what would be the effect on net profit?
A) It would increase by $700.
B) It would decrease by $700.
C) It would increase by $1000.
D) It would decrease by $1000.
Correct Answer:
Verified
Correct Answer:
Verified
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