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Consolidation schedule: Consolidation income statement $000 $000 $000 Swift Wren Adjust Gross profit 1,730 658 - 2,388 Expenses (825) (448) - (1,273) Operating profit 905
| Consolidation schedule: | Consolidation income statement | |||
| $000 | $000 | $000 | ||
| Swift | Wren | Adjust | ||
| Gross profit | 1,730 | 658 | - | 2,388 |
| Expenses | (825) | (448) | - | (1,273) |
| Operating profit | 905 | 210 | - | 1,115 |
| Interest paid | (24) | (18) | - | (42) |
On the basis of an impairment review it is found that 25,000$ of goodwill Swift paid when it acquired Wren should be written off. What is the consolidated profit before tax?
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Public Finance A Contemporary Application Of Theory To Policy
Authors: David N Hyman
12th Edition
0357442156, 978-0357442159
