Use the information below to answer questions Turnover………………………N120 000 Net profit before tax…………..N40 000 Net profit b/f…………………N68 000 Proposed dividends: Ordinary shares………………..N8 000 Preference shares………………N6 000 Corporate tax is 30%……………N10 000
What is the tax charged to profit and loss account?
What is the tax charged to profit and loss account?
-
A.
N 14 000 -
B.
N 60 000 -
C.
N 34 000 -
D.
N 20 000