Use the Following Information to Calculate the "Net Income Available

question 11

Multiple Choice

Use the following information to calculate the "net income available to ordinary shareholders":

• A) $1,820,000
• B) $1,860,000
• C) $1,950,000
• D) $1,960,000

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Definitions:

Sales Taxes

Taxes imposed by governments on the sale of goods and services.

Motor Vehicle Licenses

Fees paid to a governmental authority for the registration and licensing of vehicles for operation on public roads.

Depreciation

The systematic allocation of an asset's cost over its useful life.

Useful Life

The estimated period that an asset is expected to be useful for the purpose it was acquired by the company.