Carrefour Company's gross profit is OMR 550,000. The other balances are: Insurance OMR 70,000, Rent received OMR 50,000, Salaries and wages OMR 65,000, Advertisement OMR 20,000 and Utilities OMR 35,000. In this case, the Net income before interest and tax will be: a. None of these O b. OMR 445,000 O c. OMR 460,000 O d. OMR 410,000

SWFT Comprehensive Volume 2019
42nd Edition
ISBN:9780357233306
Author:Maloney
Publisher:Maloney
Chapter17: Corporations: Introduction And Operating Rules
Section: Chapter Questions
Problem 1BCRQ
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Carrefour Company's gross profit is
OMR 550,000. The other balances
are: Insurance OMR 70,000, Rent
received OMR 50,000, Salaries and
wages OMR 65,000, Advertisement
OMR 20,000 and Utilities OMR 35,000.
In this case, the Net income before
interest and tax will be:
a. None of these
b. OMR 445,000
c. OMR 460,000
O d. OMR 410,000
Transcribed Image Text:Carrefour Company's gross profit is OMR 550,000. The other balances are: Insurance OMR 70,000, Rent received OMR 50,000, Salaries and wages OMR 65,000, Advertisement OMR 20,000 and Utilities OMR 35,000. In this case, the Net income before interest and tax will be: a. None of these b. OMR 445,000 c. OMR 460,000 O d. OMR 410,000
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