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During June, Sing Tao Inc HK$11,450,000 \mathrm{HK} \$ 11,450,000 , Earned Revenue Of

Question 182

Multiple Choice

During June, Sing Tao Inc. sold ordinary shares for HK$11,450,000 \mathrm{HK} \$ 11,450,000 , earned revenue of HK$2,020,000 \mathrm{HK} \$ 2,020,000 , incurred expenses of HK$1,030,000 \mathrm{HK} \$ 1,030,000 , and paid dividends of HK\$30.000. Net income for June is


A) HK$990,000 \mathrm{HK} \$ 990,000
B) HK$993,000 \mathrm{HK} \$ 993,000
C) HK$12,410,000 \mathrm{HK} \$ 12,410,000
D) HK$13,470,000 H K \$ 13,470,000

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