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    Business
  3. Study Set
    Accounting Understanding and Practice
  4. Exam
    Exam 2: The Income Statement Profit and Loss Account
  5. Question
    Which Version of Profit Is Used as the Basis for Determining
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Which Version of Profit Is Used as the Basis for Determining

Question 14

Question 14

Multiple Choice

Which version of profit is used as the basis for determining the amount of dividend paid to shareholders?


A) Gross profit
B) Profit after taxation
C) Profit before taxation
D) Operating profit

Correct Answer:

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