Telson (Pty) Ltd received the following amounts in the 2023 year of assessment:

Dividends R 120 000.

Income from services rendered R 150 000.

Government grant 160 000.

Sales of goods on credit R 70 000, amount payable in the 2024 year of assessment.

Question

Telson (Pty) Ltd's taxable income for the 2023 year of assessment is:

A.

R380 000

B.

R430 000

C.

None of the stated amounts

D.

R500 000