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    Financial Accounting Study Set 3
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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 17

Question 17

Multiple Choice

Opec Ltd manufactures crystal balls. Transactions for year ended 31 December 2018 were as follows: Opec Ltd manufactures crystal balls. Transactions for year ended 31 December 2018 were as follows:   What was the reported profit for the year 2018? A)  $100 000 B)  $140 000 C)  $180 000 D)  None of the above What was the reported profit for the year 2018?


A) $100 000
B) $140 000
C) $180 000
D) None of the above

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