The Following Information Was Extracted from the Accounting Records of Penguin

question 8

Multiple Choice

The following information was extracted from the accounting records of Penguin Pty Ltd for the year ended 30 June 20X9:
$\begin{array} { l r } &\$\\\text { Interest revenue } & 500000 \\\text { Sales revenue } & 5000000 \\\text { Dividend revenue } & 1500000 \\\text { Depreciation expense } & 700000 \\\text { Wages and annual leave expense } & 1500000 \\\text { Other expense } & 3000000\end{array}$
The company income tax rate is 30%.
The annual leave expense totaled $300 000, and $100 000 of annual leave was paid during the year.
The dividend revenue is not assessable income.
-What is Penguin Ltd's period profit or loss (accounting profit after tax) using the tax payable method?

• A)$1 400 000
• B)$1 750 000
• C)$1 650 000
• D)$900 000

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Definitions:

Integration Capability

The ability of different technology systems and software applications to work together, sharing data and functionality for enhanced efficiency.

Hardware Decisions

Choices and considerations made regarding the physical components of a computer system or network, affecting performance and capabilities.

Speed

In the context of computing and technology, speed often refers to the rate at which data is processed or transferred, or how fast a hardware component or system can perform its designated tasks.

Hardware

The physical components of a computer system, including the CPU, RAM, hard drives, and peripherals.