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Use the information below to answer question ..........................31 Dec. 0...


Question

Use the information below to answer question .

.........................31 Dec. 05........31 Dec. 06

Total fixed assets.........₦7 800............₦6 600

Total current assets.......₦12 100............₦17800

Total current liabilities..₦4 700............₦3 800

Drawings for 2006 is ₦5 200.

What is the net profit for 2006?

Options

A)
₦19 000
B)
₦16 000
C)
₦12 600
D)
₦10 600

The correct answer is D.


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