The following information has been taken from the accounts of Buttons Ltd for the year ended 30

Question:

The following information has been taken from the accounts of Buttons Ltd for the year ended 30 September.

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During the year a dividend of £120,000 was announced and paid.

Required:

(a) Prepare a value added statement for Buttons Ltd for the year ended 30 September.

(b) State and comment upon the reasons why a business may present a value added statement to its shareholders in addition to an income statement.

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Financial Accounting For Decision Makers

ISBN: 9781292099040

8th Edition

Authors: Peter Atrill

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Question Posted: May 31, 2024 10:05 AM

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The following information has been taken from the accounts of Buttons Ltd for the year ended 30

Question:

Revenue 950,000 Materials (220,000) Wages and salaries (160,000) Other expenses (95,000) Depreciation (80,000) Operating profit Interest Profit before taxation Taxation Profit for the year 395,000 (45,000) 350,000 (110,000) 240,000

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Financial Accounting For Decision Makers

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