Use the information below to answer the question:
Turnover………………………₦120 000
Net profit before tax…………..₦40 000
Net profit b/f…………………₦68 000
Proposed dividends:
Ordinary shares………………..₦8 000
Preference shares………………₦6 000
Corporate tax is 30%……………₦10 000
The undistributed profit carried forward is?
Options
A) ₦68 000 >>>>>>>>>
B) ₦20 000
C) ₦74 000
D) ₦34 000
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