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CORRECT TEXT

Refer to the exhibit.



The following is an extract from the trial balance of a business for its most recent year:

Net profit before tax has already been calculated as being $27m. Income tax of $5m is to be provided, and a final dividend of 30p per share is declared.

Using some or all of the figures above, the correct figure of retained profit for the year is

Refer to the exhibit.



A company has the following current assets and liabilities at its most recent year end:

When measured against standard acceptable levels for liquidity, the company can be said to have:

The Framework is described as a conceptual framework when used in the creation of new accounting standards.

Which ONE of the following describes the approach of the Framework?

CORRECT TEXT

GH has the following transactions for the week of January 20X8:



GH is not registered for sales tax

What is the total of the sales day book for this week? Give your answer to the nearest whole number: