Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Commodity markets -purchase 30.000,00 Wage of the staff 10.000,00 Depreciation of fixed assets 6.000,00 Premiums 1.000,00 Advertising and promotion 800,00 Overhead cost 4.000,00 Revenue from
Commodity markets -purchase | 30.000,00 |
Wage of the staff | 10.000,00 |
Depreciation of fixed assets | 6.000,00 |
Premiums | 1.000,00 |
Advertising and promotion | 800,00 |
Overhead cost | 4.000,00 |
Revenue from sales | 250.000,00 |
Income from investments and investments | 15.000,00 |
Gains from disposal of property, plant and equipment | 500,00 |
Loss from disposal of financial data | 100,00 |
Rental income | 50.000,00 |
Third party fees | 2.500,00 |
Credit interest | 1.400,00 |
Debt interest | 4.500,00 |
Fixed maintenance costs | 2.000,00 |
Considering that: | |
a) the stocks 1.1.20X0 were 5000 | |
b) the final stock on 31.12.20X0 was determined by physical inventory at 3000 | |
(c) the income tax rate is 30%; | |
compile the 20X0 income statement, vertical by type. |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started