Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Condensed financial data of Manchester Ltd follows. Manchester Ltd Statement of financial position as at 30 June 2021 begin{tabular}{|l|l|l|} hline & 2020 & 2021

image text in transcribed
image text in transcribed
image text in transcribed
Condensed financial data of Manchester Ltd follows. Manchester Ltd Statement of financial position as at 30 June 2021 \begin{tabular}{|l|l|l|} \hline & 2020 & 2021 \\ \hline Assets & & \\ \hline Cash & 69,000 & 160,700 \\ \hline Accounts receivable & 80,500 & 180,600 \\ \hline nventory & 70,500 & 168,700 \\ \hline Investments & 212,000 & 212,000 \\ \hline Land & 210,000 & 190,000 \\ \hline Buildings & 220,000 & 465,000 \\ \hline less: Accumulated & (40,000) & (60,000) \\ \hline depreciation & & 1,317,000 \\ \hline Total assets & 822,000 & \\ \hline Liabilities and Equity & & \\ \hline \end{tabular} Abbiconal infiamation 1. Brok of lard was wodd at ciot for cashy. 2. Nar twakfengs were soikl durind the year 1 th ulalieg erotensom wure jaul with cash. 4. A eanh dividend was dectared and paid divined the yoar. Heysanm: Manchester uid Statement of profit or loss for the year ended 30 June 2021 sales revenue 170,000 410,000 Giross profit 165: operating expenses excluding 150,000 depreciation \begin{tabular}{|l|l|} \hline Depreciation expense & 20.000 \end{tabular} Condensed financial data of Manchester Ltd follows. Manchester Ltd Statement of financial position as at 30 June 2021 \begin{tabular}{|l|l|l|} \hline & 2020 & 2021 \\ \hline Assets & & \\ \hline Cash & 69,000 & 160,700 \\ \hline Accounts receivable & 80,500 & 180,600 \\ \hline nventory & 70,500 & 168,700 \\ \hline Investments & 212,000 & 212,000 \\ \hline Land & 210,000 & 190,000 \\ \hline Buildings & 220,000 & 465,000 \\ \hline less: Accumulated & (40,000) & (60,000) \\ \hline depreciation & & 1,317,000 \\ \hline Total assets & 822,000 & \\ \hline Liabilities and Equity & & \\ \hline \end{tabular} Abbiconal infiamation 1. Brok of lard was wodd at ciot for cashy. 2. Nar twakfengs were soikl durind the year 1 th ulalieg erotensom wure jaul with cash. 4. A eanh dividend was dectared and paid divined the yoar. Heysanm: Manchester uid Statement of profit or loss for the year ended 30 June 2021 sales revenue 170,000 410,000 Giross profit 165: operating expenses excluding 150,000 depreciation \begin{tabular}{|l|l|} \hline Depreciation expense & 20.000 \end{tabular}

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Understanding Financial Risk Management

Authors: Angelo Corelli

1st Edition

0415746183, 978-0415746182

More Books

Students also viewed these Finance questions

Question

Explain the nature of human resource management.

Answered: 1 week ago

Question

Write a note on Quality circles.

Answered: 1 week ago

Question

Describe how to measure the quality of work life.

Answered: 1 week ago