Delta Corporation's income statement for the year ending June 30, 2020 reported profit before tax of $10,300. Cash expenses amounting to $1,500 incurred in the prior year were expensed again in the current year, and deferred income of $1,350 was included in the turnover. What is Delta's correct profit before tax for the year ending June 2020? SELECT ONLY ONE $8,800 $8,950 $10,450

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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please solve with full working explanation computation with steps
Delta Corporation's income statement for the year ending June 30,
2020 reported profit before tax of $10,300. Cash expenses
amounting to $1,500 incurred in the prior year were expensed
again in the current year, and deferred income of $1,350 was
included in the turnover.
What is Delta's correct profit before tax for the year ending
June 2020?
SELECT ONLY ONE
$8,800
$8,950
$10,450
Transcribed Image Text:please solve with full working explanation computation with steps Delta Corporation's income statement for the year ending June 30, 2020 reported profit before tax of $10,300. Cash expenses amounting to $1,500 incurred in the prior year were expensed again in the current year, and deferred income of $1,350 was included in the turnover. What is Delta's correct profit before tax for the year ending June 2020? SELECT ONLY ONE $8,800 $8,950 $10,450
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