Use the following information to calculate the "net income available to ordinary shareholders":

Name: Use the following information to calculate the "net income available to ordinary shareholders":
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Net income available to ordinary shareholders can be calculated by subtracting preference dividends ($40,000) and income tax expense ($200,000) from profit after tax ($1,200,000). Therefore, net income available to ordinary shareholders is $960,000 (1,200,000 - 40,000 -200,000).

Use the Following Information to Calculate the "Net Income Available