Given: Club trading profit N12,000 Members'' subscription N15,000 Profit on sale of fixed assets N2,500 Loss on sale of investments N1,000 Wages N16,500 Other expenses N10,000 Determine the club''s excess of income over expenditure?

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Given: Club trading profit N12,000 Members'' subscription N15,000 Profit on ...

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Correct Answer: C

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