The operating net profit before income tax of Fraxinus Ltd for the year ended 30 June - the entity's first year of operation - was $8 000 000. The figure was derived using the accrual approach to measuring profit. The company determines tax based on a cash basis.
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Question

The operating net profit before income tax of Fraxinus Ltd for the year ended 30 June - the entity's first year of operation - was $8 000 000. The figure was derived using the accrual approach to measuring profit. The company determines tax based on a cash basis.
Additional information
  Taking into consideration the additional information provided above, you are required to:

Quizplus · Accepted Answer

The Answer of The operating net profit before income tax of Fraxinus Ltd for the year ended 30 June - the entity's first year of operation - was $8 000 000. The figure was derived using the accrual approach to measuring profit. The company determines tax based on a cash basis.
Additional information
  Taking into consideration the additional information provided above, you are required to:

The Operating Net Profit Before Income Tax of Fraxinus Ltd