The income statement of Berrima Barbed Wire Ltd is:

If the rate of income tax were raised to 40 per cent, what would be the effect on net profit?
A) It would increase by $700.
B) It would decrease by $700.
C) It would increase by $1000.
D) It would decrease by $1000.

Question

The income statement of Berrima Barbed Wire Ltd is:

If the rate of income tax were raised to 40 per cent, what would be the effect on net profit?
A) It would increase by $700. 
B) It would decrease by $700. 
C) It would increase by $1000. 
D) It would decrease by $1000.

Quizplus · Accepted Answer

The Answer of The income statement of Berrima Barbed Wire Ltd is:

If the rate of income tax were raised to 40 per cent, what would be the effect on net profit?
A) It would increase by $700. 
B) It would decrease by $700. 
C) It would increase by $1000. 
D) It would decrease by $1000.

The Income Statement of Berrima Barbed Wire Ltd Is