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

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Definitions:

Ebbo Gospels

An illuminated Gospel book from the 9th century, notable for its expressive and emotional style of art, associated with the Carolingian Renaissance.

Utrecht Psalter

A highly important and richly illustrated Carolingian manuscript from the 9th century, known for its unique pen and ink drawings.

Celtic High Crosses

Stand-alone Christian crosses, typically made of stone and richly decorated with Celtic art, which were common in Ireland and Britain during the early medieval period.

Stone

A hard, solid mineral matter that is used in construction and sculpture for its durability and natural beauty.