ITPEC IP April 2026 Question 72
ITPEC IP April 2026 — Question 72 of 100
1,000 million yen — work backward from net income through every listed income and expense.
Before SGA, gross profit is 8,000 − 6,000 = 2,000. Other net effects are +150 − 50 + 60 − 10 − 350 = −200, so net income is 2,000 − SGA − 200 = 1,800 − SGA. Setting this to 800 gives SGA = 1,000.
Answer (c)
Why not others: (a) 850 omits the net extraordinary effect; (b) 900 omits part of the non-operating/extraordinary adjustments; (d) 1,200 reverses their combined direction.
Key rule: Income items add and expenses/losses/taxes subtract; build one signed equation before solving the missing amount.
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