Mortimer Limited Has the Following Items in Its Statement of Profit

question 26

Multiple Choice

Mortimer Limited has the following items in its statement of profit or loss and other comprehensive income:
Revenue FC60 000,
Cost of goods sold FC25 000,
Interest expense FC8 000,
Income tax expense FC10 000.
All items arose evenly across the year. The following exchange rates applied:
End of reporting period FC1 = $0.80
Average rate for year FC1 = $0.75
The net profit after tax translated into the presentation currency is:

• A) $12 750;
• B) $13 600;
• C) $21 250;
• D) $26 667.

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Definitions:

Natural Killer Cells

A type of white blood cell that plays a crucial role in the body's immune response by attacking tumors and virally infected cells.

White Blood Cell

Cells of the immune system that are involved in protecting the body against both infectious disease and foreign invaders.

Immune System

The body's defense mechanism against pathogens, comprising various organs, cells, and proteins.

White Blood Cells

A type of blood cell that is part of the immune system and helps the body fight infection and other diseases.