Calculate the Total Comprehensive Income for the Year If Operating

question 51

Multiple Choice

Calculate the total comprehensive income for the year if operating profit is $556,000, the tax rate is 30%, finance charges are $88,700 and other comprehensive income for the year (net of tax) is $195,000.

• A)$452,460
• B)$522,110
• C)$426,000
• D)$562,800

---

Definitions:

Investors

Individuals or entities that allocate capital to different types of investments with the expectation of generating a future return.

Residual Claim

A claim on a company's assets and income that is only payable after all other debts and liabilities have been settled.

Treasury

Refers to the government department responsible for managing the revenue, spending, and overall financial policies of a country. It can also refer to the corporate division dealing with financial and liquidity management in a company.

Voting Rights

The rights of shareholders to vote on corporate matters, such as electing the board of directors or approving corporate policies.