A limited liability company's gross profit for the year ended 31 December 2014 was $260 000. The
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A limited liability company's gross profit for the year ended 31 December 2014 was $260 000. The company's expenses were: directors' fees $80 000; administration expenses $20 000; debenture interest 530 000; depreciation charges 850 000. The company's profit from operations was:
A. $80,000
B. $110,000
C. $150,000
D. $180,000
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The correct answer is D 180000 Explanation The compan...View the full answer
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