Question 39
MediumOriginal questionA company pays dividends of ₹40 crore and corporate tax of ₹25 crore, and keeps ₹15 crore as retained earnings. Its profit is
Show the answer and explanation
CorrectNot quiteAnswer D
Correct answer: D
Explanation
Profit = dividends + corporate tax + undistributed profit = 40 + 25 + 15 = ₹80 crore.
- Concept
- Adding up profit
- Typical timeTypical
- 70 s
- Your timeYours
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