Dividend income from investments 10,000,000 Distribution income from trusts 500,000 Interest income on deposits 700,000 Income from bank treasury bills 100,000 Income from dealing in securities held for trading 600,000 Write-down on securities held for trading 150,000 Other income 250,000
10. An investment entity provided the following data for the current year:
Dividend income from investments 10,000,000
Distribution income from trusts 500,000
Interest income on deposits 700,000
Income from bank treasury bills 100,000
Income from dealing in securities held for trading 600,000
Write-down on securities held for trading 150,000
Other income 250,000
Finance cost 300,000
Administrative staff costs 3,800,000
Sundry administrative costs 1,400,000
Income tax expense 2,000,000
Question 1: What is the income before tax?
a. 12,000,000 c. 11,750,000
b. 12,150,000 d. 11,550,000
Question 2: What is the total amount of expenses before tax?
a. 7,500,000 c. 5,500,000
b. 5,650,000 d. 7,650,000
Question 3: What is the net income for the year?
a. 6,500,000 c. 4,650,000
b. 4,500,000 d. 4,250,000
Step by step
Solved in 3 steps
