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Revaluation reserve is the reserve created due to increase in the value of net assets. This is reserve that the business creates when the value of the fixed assets is increased due to revaluation undertaken and since there is no outflow of cash due to increase in the value, a reserve is created as a contra account. It is a non cash transaction and does not appear on the statement of cash flows.
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What is revaluation reserve?
Set out below are the financial statements of Amal company. You are...
Financial Accounting Cash flow statement. why is my end of the period cash balance different, from...
Financial Accounting
Cash flow statement.
why is my end of the period cash balance different, from the
question?
E3 Set out below are the financial statements of Amal company You controller, faced with the task of implementing KAS 7 Statement of a Amal Company Statement of profit or loss for the year ended 31 December 20X2 Rs.000 Revenue 2,553 Cost of Sales 1.814) Gross Profit 739 Distribution Costs (125) Administrative Expenditures (264) 350 Interest received Interest paid - Profit before...
Set out below are the financial statements of Emcar plc. Income Statement for the year ended 31 December 2017 $'00...
Set out below are the financial statements of Emcar plc. Income Statement for the year ended 31 December 2017 $'000 Turnover 2,553 Cost of sales (1,814) Gross profit 739 25 Other Income: discount received Distribution costs Administrative expenses Finance cost (125) (264) (75) 300 Profit before tax Income tax expense Profit for the period 140 160 Statement of Financial Position as at 31 December 2017 2016 000.$ 000.$ Assets Non-current assets Property, plant and equipment Intangible assets Investments 380 305...
ACC201: Financial Accounting WIN Pte Ltd is a company incorporated in Singapore and uses the Singapore...
ACC201: Financial Accounting WIN Pte Ltd is a company incorporated in Singapore and uses the Singapore FRSs. Its financial year end is 31 December. It is in the retail business. The comparative statement of financial position and extract of income statement for WIN Pte Ltd are given as follow: WIN Pte Ltd Comparative statement of financial position 31 December, 20X3 and 20X2 20X3 20X2 $’000 $’000 Assets Current Assets: Cash 374 198 Accounts receivable 588 380 Inventory 680 542 Non-current...
Kingdom is a public listed manufacturing company. Its draft summarised financial statements for the year ended...
Kingdom is a public listed manufacturing company. Its draft summarised financial statements for the year ended 30 September 2013 (and 2012 comparatives) are: Statements of profit or loss and other comprehensive income for the year ended 30 September: 2013 2012 $’000 $’000 Revenue 44,900 44,000 Cost of sales (31,300) (29,000) ––––––– ––––––– Gross profit 13,600 15,000 Distribution costs (2,400) (2,100) Administrative expenses (7,850) (5,900) Investment properties – rentals received 350 400 – fair value changes (700) 500 Finance costs (600)...
188 Chapter 5 5.5 Iul? Danny Care Entity ement of profit or loss and other comprehensive...
188 Chapter 5 5.5 Iul? Danny Care Entity ement of profit or loss and other comprehensive income and statements of financia position are given below. Statement of Profit or loss and Other Comprehensive Income for the Year ended 31 December x5 RM'000 1,440 (140) (180) (200) Revenue (sales) Materials consumed Staff cost Depreciation Loss on sale of plant 890 (40) 05 Interest expense Gain on sale of investment Income from investment Profit before taxation Taxation Profit after taxation Other comprehensive...
please i need help completing this table thank you Refer to the following financial statements for...
please i need help completing this table thank you
Refer to the following financial statements for Crosby Corporation: CROSBY CORPORATION Income Statement For the Year Ended December 31, 20X2 3,990,000 2,480,000 1,510,000 744,000 261,000 505,000 87,300 417,700 223,000 194,700 10,000 184,700 150,000 1.23 Sales Cost of goods sold Gross profit Selling and administrative expense Depreciation expense Operating income Interest expense Earnings before taxes Taxes Earnings after taxes Preferred stock dividends Earnings available to common stockholders Shares outstanding Earnings per share...
please help me complete this exercise. Refer to the following financial statements for Crosby Corporation CROSBY...
please help me complete this exercise.
Refer to the following financial statements for Crosby Corporation CROSBY CORPORATION Income Statement For the Year Ended December 31, 20X2 Sales Cost of goods sold 3,470,000 2,230,000 1,240,000 678,000 298,000 264,000 85,400 178,600 148,000 30,600 10,000 20,600 150,000 0.14 Gross profit Selling and administrative expense Depreciation expense Operating income Interest expense Earnings before taxes Taxes Earnings after taxes Preferred stock dividends Earnings available to common stockholders Shares outstanding Earnings per share Statement of Retained...
ACC201: Financial Accounting The following comparative statements of financial position are for Kings Pte Ltd as...
ACC201: Financial Accounting
The following
comparative statements of financial position are for Kings Pte Ltd
as at 31 December 20X1 and 20X2. Also provided is the extract from
the income statement for the year ended 31 December 20X2.
Additional information:
The equipment which was sold for cash was originally bought at
a cost of $56,000. When sold, the accumulated depreciation of the
equipment was $28,000
During the year, the company bought another piece of equipment
paying the full amount in...
Refer to the following financial statements for Crosby Corporation CROSBY CORPORATION Income Statement For the Year...
Refer to the following financial statements for Crosby Corporation CROSBY CORPORATION Income Statement For the Year Ended December 31, 20X2 Sales Cost of goods sold Gross profit Selling and administrative expense Depreciation expense Operating income Interest expense $3,900,000 2,470,000 $1,430,000 618,000 290,000 $ 522,000 Earnings before taxes Taxes $ 434,900 127,000 S 307,900 Earnings after taxes Preferred stock dividends Earnings available to common stockholders Shares outstanding Earnings per share 297,900 150,000 Statement of Retained Earnings For the Year Ended December...
Refer to the following financial statements for Crosby Corporation: CROSBY CORPORATION Income Statement 4.5 For the...
Refer to the following financial statements for Crosby Corporation: CROSBY CORPORATION Income Statement 4.5 For the Year Ended December 31, 20x2 $ 3,650,000 2,230,000 $1,420,000 654,000 273,000 $ 493,000 85,300 $ 407,700 186,000 $ 221,700 10,000 points Sales Cost of goods sold Gross profit Selling and administrative expense Depreciation expense Operating income Interest expense Earnings before taxes Skipped eBook Тахев Earnings after taxes Preferred stock dividends 211,700 Earnings available to common stockholders Shares outstanding Earningo per share 150,000 1.41 Hint...
Financial Accounting
Cash flow statement.
why is my end of the period cash balance different, from the
question?
E3 Set out below are the financial statements of Amal company You controller, faced with the task of implementing KAS 7 Statement of a Amal Company Statement of profit or loss for the year ended 31 December 20X2 Rs.000 Revenue 2,553 Cost of Sales 1.814) Gross Profit 739 Distribution Costs (125) Administrative Expenditures (264) 350 Interest received Interest paid - Profit before...
Set out below are the financial statements of Emcar plc. Income Statement for the year ended 31 December 2017 $'000 Turnover 2,553 Cost of sales (1,814) Gross profit 739 25 Other Income: discount received Distribution costs Administrative expenses Finance cost (125) (264) (75) 300 Profit before tax Income tax expense Profit for the period 140 160 Statement of Financial Position as at 31 December 2017 2016 000.$ 000.$ Assets Non-current assets Property, plant and equipment Intangible assets Investments 380 305...
188 Chapter 5 5.5 Iul? Danny Care Entity ement of profit or loss and other comprehensive income and statements of financia position are given below. Statement of Profit or loss and Other Comprehensive Income for the Year ended 31 December x5 RM'000 1,440 (140) (180) (200) Revenue (sales) Materials consumed Staff cost Depreciation Loss on sale of plant 890 (40) 05 Interest expense Gain on sale of investment Income from investment Profit before taxation Taxation Profit after taxation Other comprehensive...
please i need help completing this table thank you
Refer to the following financial statements for Crosby Corporation: CROSBY CORPORATION Income Statement For the Year Ended December 31, 20X2 3,990,000 2,480,000 1,510,000 744,000 261,000 505,000 87,300 417,700 223,000 194,700 10,000 184,700 150,000 1.23 Sales Cost of goods sold Gross profit Selling and administrative expense Depreciation expense Operating income Interest expense Earnings before taxes Taxes Earnings after taxes Preferred stock dividends Earnings available to common stockholders Shares outstanding Earnings per share...
please help me complete this exercise.
Refer to the following financial statements for Crosby Corporation CROSBY CORPORATION Income Statement For the Year Ended December 31, 20X2 Sales Cost of goods sold 3,470,000 2,230,000 1,240,000 678,000 298,000 264,000 85,400 178,600 148,000 30,600 10,000 20,600 150,000 0.14 Gross profit Selling and administrative expense Depreciation expense Operating income Interest expense Earnings before taxes Taxes Earnings after taxes Preferred stock dividends Earnings available to common stockholders Shares outstanding Earnings per share Statement of Retained...
ACC201: Financial Accounting
The following
comparative statements of financial position are for Kings Pte Ltd
as at 31 December 20X1 and 20X2. Also provided is the extract from
the income statement for the year ended 31 December 20X2.
Additional information:
The equipment which was sold for cash was originally bought at
a cost of $56,000. When sold, the accumulated depreciation of the
equipment was $28,000
During the year, the company bought another piece of equipment
paying the full amount in...
Refer to the following financial statements for Crosby Corporation CROSBY CORPORATION Income Statement For the Year Ended December 31, 20X2 Sales Cost of goods sold Gross profit Selling and administrative expense Depreciation expense Operating income Interest expense $3,900,000 2,470,000 $1,430,000 618,000 290,000 $ 522,000 Earnings before taxes Taxes $ 434,900 127,000 S 307,900 Earnings after taxes Preferred stock dividends Earnings available to common stockholders Shares outstanding Earnings per share 297,900 150,000 Statement of Retained Earnings For the Year Ended December...
Refer to the following financial statements for Crosby Corporation: CROSBY CORPORATION Income Statement 4.5 For the Year Ended December 31, 20x2 $ 3,650,000 2,230,000 $1,420,000 654,000 273,000 $ 493,000 85,300 $ 407,700 186,000 $ 221,700 10,000 points Sales Cost of goods sold Gross profit Selling and administrative expense Depreciation expense Operating income Interest expense Earnings before taxes Skipped eBook Тахев Earnings after taxes Preferred stock dividends 211,700 Earnings available to common stockholders Shares outstanding Earningo per share 150,000 1.41 Hint...
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