5.5 The following information was extracted from the financial statements of I. Ching (Booksellers) plc for the
Question:
5.5 The following information was extracted from the financial statements of I. Ching (Booksellers)
plc for the year to 31 May 2016:
£000 Finance charges 40 Cost of sales 460 Distribution expenses 110 Revenue 943 Administrative expenses 212 Other expenses 25 Gain on revaluation of property, plant and equipment 20 Loss on foreign currency translations on foreign operations 15 Tax on profit for the year 24 Tax on other components of comprehensive income 1 Required:
Prepare a statement of comprehensive income for the year ended 31 May 2016 that is set out in accordance with the requirements of IAS 1 Presentation of Financial Statements.
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Related Book For
Financial Accounting For Decision Makers
ISBN: 9781292099040
8th Edition
Authors: Peter Atrill, Eddie McLaney
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