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PLEASE ANSWER WITH SOLUTIONS AND EXPLANATION. THANK YOU! Use the following information for the next three (3) questions: Carlie Company, an investment entity provided the
PLEASE ANSWER WITH SOLUTIONS AND EXPLANATION. THANK YOU!
Use the following information for the next three (3) questions: Carlie Company, an investment entity provided the following data for the current year: Dividend income from investments Distribution income from trusts Interest income on deposits Income from bank treasury bills Income from dealing in securities held for trading Write-down on securities held for trading Other income Finance cost Administrative staff costs Sundry administrative costs Income tax expense 10,000,000 500.000 700,000 100,000 600.000 150,000 250,000 300.000 3,800,000 1,400,000 2,000,000 What is the total income before tax? A. 12,000,000 B. 12,150,000 C. 11,750,000 D. 11,550,000 What is the total amount of expenses before tax? A. 7,500,000 B. 5,650,000 C. 5,500,000 D. 7,650,000 Under the cash basis revenue are recognized when they are A. Collected B. Earned C. Earned and collected D. Earned and become measurable Step by Step Solution
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