The Statement of Comprehensive Income & Statement of Financial Position for the year ended 30 June 2021.
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The Statement of Comprehensive Income & Statement of Financial Position for the year ended 30 June 2021.
Insta Limited Statement of Comprehensive Income For the year ended June 30, 2017 Amount Particulars in...
Insta Limited Statement of Comprehensive Income For the year ended June 30, 2017 Amount Particulars in Rupees) Sales 843,500 Opening Inventory Purchases Factory Expenses Closing Stock Cost of Goods Sold 55,000 465,000 143,000 (79,500) (583,500) Gross Profit 260,000 Office Expenses Selling Expenses Distribution Expenses Provision for Doubtful Debts Depreciation Interest of Debentures 50,000) (30,000) (20,000) (4,000) (16,000) (14,000) Other Income Gain on disposal of vehicle Interest on Investment 20,000 40,000 Net Profit 186,000 Required: Based on the information given, compute...
Income statements of A Limited: Year ended June 30, 2019 Year ended June 30, 2020 S...
Income statements of A Limited: Year ended June 30, 2019 Year ended June 30, 2020 S Profit before tax and interest $ 39,000 (1,200) 19,000 Profit before tax and interest Finance costs-Interest on Convertible loan stock (4,750) Income tax (25%) 14,250 Profit after tax Income tax (25%) Profit after tax (9,450) 28,350 Capital structure Date No. of $1 ordinary shares 1.7.2018 1.1.2019 8,000 Balance Rights issue- 1 for 5 @ $1.25 (market value on last day of quotation with rights...
please draw up an statement of comprehensive income and statement of financial position for this company...
please draw up an statement of comprehensive income and
statement of financial position for this company for 2014 and
2015.
Use the following information for Clarington Inc. for Problems 24 and 25 (assume the tax rate is 34 percent): 2014 2015 $11,573 $12,936 1,661 1,736 3,979 4,707 946 824 776 926 Sales Depreciation Cost of goods sold Other expenses Interest Cash Accounts receivable Short-term notes payable Long-term debt Net fixed assets Accounts payable Inventory Dividends 6,067 6,466 8,034 9427 1,171...
(a) Statement of profit or loss and other comprehensive income (b) statement of financial position
Prepare, the following financial statements for ABC LimitedStatement of profit or loss and other comprehensive income for the year ended 31 octoberStatement of financial position as aat 31 October 2022
20X1 AND 20X2 FINANCIAL STATEMENTS Bio-Fuels Generation Incorporated Statement of comprehensive income for the year ended...
20X1 AND 20X2 FINANCIAL STATEMENTS Bio-Fuels Generation Incorporated Statement of comprehensive income for the year ended December 31 20X2 $ 20X1 $ Revenue Cost of goods sold Gross profit 10,458,240 9,075,000 1,383,240 9,734,502 8,473,800 1,260,702 Expenses Selling and marketing Research and development General and administrative Other operating costs 103,500 370,020 458,200 15,900 947,620 92,400 365,100 423,900 14,200 895,600 Operating income Interest expense — line of credit Interest expense - long-term debt Earnings before taxes Income taxes Net income 435,620 (8,650)...
Suppose in its income statement for the year ended June 30, 2022, The Clorox Company reported...
Suppose in its income statement for the year ended June 30, 2022, The Clorox Company reported the following condensed data (dollars in millions). Salaries and wages expenses $460 Research and development expense $ 114 Depreciation expense 90 Income tax expense 276 Sales revenue 5,730 Loss on disposal of plant assets 46 Interest expense 161 Cost of goods sold 3,104 Advertising expense 499 Rent expense 105 Sales returns and allowances 280 Utilities expense Assume a tax rate of 34%. Prepare a...
Suppose in its income statement for the year ended June 30, 2022. The Clorox Company reported...
Suppose in its income statement for the year ended June 30, 2022. The Clorox Company reported the following condensed data dollars in millions Salaries and wages expenses $460 Research and development expense S114 Depreciation opense 90 income tax expense Sales revenue 6.230 LOSS on disposal of plant assets Interest expense 161 Cost of goods sold Advertising expense 499 Rent expense Sa returns and a lowances 230 Utes expense sume tax rate of 3 The Clorox Company Income Statement For the...
Suppose in its income statement for the year ended June 30, 2022, The Clorox Company reported...
Suppose in its income statement for the year ended June 30, 2022, The Clorox Company reported the following condensed data (dollars in millions). Salaries and wages expenses $ 460 Research and development expense $ 114 Depreciation expense 90 Income tax expense 396 Sales revenue 5,630 Loss on disposal of plant assets Interest expense 161 Cost of goods sold 2,700 Advertising expense 499 Rent expense Sales returns and allowances 230 Utilities expense Assume a tax rate of 34%. Prepare a multiple-step...
Suppose in its income statement for the year ended June 30, 2022, The Clorox Company reported...
Suppose in its income statement for the year ended June 30, 2022, The Clorox Company reported the following condensed data (dollars in millions). Salaries and wages expenses $ 460 Research and development expense $ 114 Depreciation expense 90 Income tax expense 430 Sales revenue 5,830 Loss on disposal of plant assets 46 Interest expense 161 Cost of goods sold 2,800 Advertising expense 499 Rent expense 105 Sales returns and allowances 230 Utilities expense 60 (a) Prepare a multiple-step income statement....
Suppose in its income statement for the year ended June 30, 2022. The Clorox Company reported...
Suppose in its income statement for the year ended June 30, 2022. The Clorox Company reported the following condensed data (dollars in millions). Salaries and wages expenses $ 460 Research and development expense $114 Depreciation expense 90 Income tax expense 276 Sales revenue 5.730 Loss on disposal of plant assets 46 Interest expense 161 Cost of goods sold 3.104 Advertising expense 499 Rent expense 105 Sales returns and allowances 280 Utilities expense Assume a tax rate of 34%. - Your...
Insta Limited Statement of Comprehensive Income For the year ended June 30, 2017 Amount Particulars in Rupees) Sales 843,500 Opening Inventory Purchases Factory Expenses Closing Stock Cost of Goods Sold 55,000 465,000 143,000 (79,500) (583,500) Gross Profit 260,000 Office Expenses Selling Expenses Distribution Expenses Provision for Doubtful Debts Depreciation Interest of Debentures 50,000) (30,000) (20,000) (4,000) (16,000) (14,000) Other Income Gain on disposal of vehicle Interest on Investment 20,000 40,000 Net Profit 186,000 Required: Based on the information given, compute...
Income statements of A Limited: Year ended June 30, 2019 Year ended June 30, 2020 S Profit before tax and interest $ 39,000 (1,200) 19,000 Profit before tax and interest Finance costs-Interest on Convertible loan stock (4,750) Income tax (25%) 14,250 Profit after tax Income tax (25%) Profit after tax (9,450) 28,350 Capital structure Date No. of $1 ordinary shares 1.7.2018 1.1.2019 8,000 Balance Rights issue- 1 for 5 @ $1.25 (market value on last day of quotation with rights...
please draw up an statement of comprehensive income and
statement of financial position for this company for 2014 and
2015.
Use the following information for Clarington Inc. for Problems 24 and 25 (assume the tax rate is 34 percent): 2014 2015 $11,573 $12,936 1,661 1,736 3,979 4,707 946 824 776 926 Sales Depreciation Cost of goods sold Other expenses Interest Cash Accounts receivable Short-term notes payable Long-term debt Net fixed assets Accounts payable Inventory Dividends 6,067 6,466 8,034 9427 1,171...
20X1 AND 20X2 FINANCIAL STATEMENTS Bio-Fuels Generation Incorporated Statement of comprehensive income for the year ended December 31 20X2 $ 20X1 $ Revenue Cost of goods sold Gross profit 10,458,240 9,075,000 1,383,240 9,734,502 8,473,800 1,260,702 Expenses Selling and marketing Research and development General and administrative Other operating costs 103,500 370,020 458,200 15,900 947,620 92,400 365,100 423,900 14,200 895,600 Operating income Interest expense — line of credit Interest expense - long-term debt Earnings before taxes Income taxes Net income 435,620 (8,650)...
Suppose in its income statement for the year ended June 30, 2022, The Clorox Company reported the following condensed data (dollars in millions). Salaries and wages expenses $460 Research and development expense $ 114 Depreciation expense 90 Income tax expense 276 Sales revenue 5,730 Loss on disposal of plant assets 46 Interest expense 161 Cost of goods sold 3,104 Advertising expense 499 Rent expense 105 Sales returns and allowances 280 Utilities expense Assume a tax rate of 34%. Prepare a...
Suppose in its income statement for the year ended June 30, 2022. The Clorox Company reported the following condensed data dollars in millions Salaries and wages expenses $460 Research and development expense S114 Depreciation opense 90 income tax expense Sales revenue 6.230 LOSS on disposal of plant assets Interest expense 161 Cost of goods sold Advertising expense 499 Rent expense Sa returns and a lowances 230 Utes expense sume tax rate of 3 The Clorox Company Income Statement For the...
Suppose in its income statement for the year ended June 30, 2022, The Clorox Company reported the following condensed data (dollars in millions). Salaries and wages expenses $ 460 Research and development expense $ 114 Depreciation expense 90 Income tax expense 396 Sales revenue 5,630 Loss on disposal of plant assets Interest expense 161 Cost of goods sold 2,700 Advertising expense 499 Rent expense Sales returns and allowances 230 Utilities expense Assume a tax rate of 34%. Prepare a multiple-step...
Suppose in its income statement for the year ended June 30, 2022. The Clorox Company reported the following condensed data (dollars in millions). Salaries and wages expenses $ 460 Research and development expense $114 Depreciation expense 90 Income tax expense 276 Sales revenue 5.730 Loss on disposal of plant assets 46 Interest expense 161 Cost of goods sold 3.104 Advertising expense 499 Rent expense 105 Sales returns and allowances 280 Utilities expense Assume a tax rate of 34%. - Your...
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