Question

how we get these numbers ( I circle them with red), please no need to explain the logic behind it, just tell me what numbers you take and add, multiple, divide ... to get these results ?

Refrence

Deegan. (2016). Financial Accounting . McGraw-Hill Education, Australia

REVIEW QUESTION TWO Consolidation Worksheet Jacko Lid Jackson Ltd Consolidated statement Eliminations and adjustments Dr $000 $000 $000 S000 8000 7004 Reconciliation of opening & closing retained earnings Sales revenue less Cost of goods sold less Other expenses Other revenue Profit Tax expense Profit after tax Retained earnings 1 July 2018 7004 1405 353 1402 T 4 200 (1 750) (210) 245 2 485 700 1 785 3 500 5285 700 1 400 (490) (105) 87.5 892.5 350 T 542.5 1 400 1942.5 140 D 46.26 4 900 (1 680) (350) 192.5 3062.5 1003.8 2 058.7 3 500 5 558.7 700 4 858.7 | 14001 1402 Dividends paid Retained Earnings 30th June 2019 Statement of financial position Shareholders' equity Retained earnings 30 June 2019 Share capital Current liabilities Accounts payable Non-current liabilities Loans 4 585 14 000 1 802.5 1750 4 858.7 14 000 350 297.5 647.5 2 100 21 035 875 4 725 2975 22 481.2 875 525 2 100 6 87.5 12.5 1050 962.5 1 137.5 3010 140 Current assets Cash Accounts receivable Inventory Non-current assets Land Plant Investment in Jackson Ltd Deferred tax asset Goodwill Accumulated impairment loss goodwill 1 400 1 400 6440 10 045 5040 8 645 3 500 350 175 46.26 3501 571.2 350 (35) 22 481.2 353 21 035 4 775 4 561.2 4561.2

Answer 1

1) Sales Revenue = 4200+1400-700 = 4900

2) Cost of goods sold = 1750+490+140-700 = 1680

3) Other expenses = 210+105+35 = 350

4) Other revenue = 245+87.50 - 140= 192.50

5) Profit = 4900-1680-350+192.50 = 3062.50

6) Tax expenses = 700+350-46.20 = 1003.80

7) Profit after Tax = 3062.50 - 1003.80 = 2058.70

8) Retained earnings = 3500+1400-1400 = 3500

9) Total = 2058.70+3500 = 5558.70

10) Dividend Paid = 700+140-140 = 700

11) Retained earnings = 5558.70-700 = 4858.70