An optician's shop had an inventory of NOK 350,000 at the turn of the year....
80.2K
Verified Solution
Link Copied!
Question
Accounting
An optician's shop had an inventory of NOK at the turn of the year. The company purchased goods twice in January: on January for NOK and on January for NOK both amounts including VAT. When counting the inventory on January, it turns out that the company had goods in stock for NOK Ordinary profit before tax costs in January was NOK
What would the profit before tax cost have been if the inventory on January had been NOK given that the rest of the costs and income had remained unchanged.
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
