Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Google Docs Question 3 The following amount are the summarized Profit & Loss Statements for the year ended 30 June 2017 for P Bhd. And
Google Docs Question 3 The following amount are the summarized Profit & Loss Statements for the year ended 30 June 2017 for P Bhd. And S Bhd. P Bhd. RM 000 S Bhd. RM 000 300 (120) 180 (30) (50) Revenue Cost of sales Gross Profit Finance Expenses Administration Expenses Operating Expenses Profit before tax Tax Profit for the year Retained earnings brought forward Retained earnings carried Horward 500 200 300 (30) (70) (BO 120 30 90 10 (40) 60 (12 48 10.0 72 Additional information 1. P Bhd Acquired 60% of the share capital of S Bhd on 1 July 2015 2. During the year S Bhd sold goods costing RM80,000 to P Bhd at 20% on selling price As at the end of 30 June 2017 one quarter of these goods remained unsold Prepare the Consolidated Statement of Profit or Loss of P Bhd. for the year ended 30 June 2017. (15m) Page 1 / 2 + C 290 m
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