Question
I DONT HAVE TIME PLEASE HELPPP 16) According to the income statement of ALIKANLAR High Tech and Innovation Inc. as of 01.01-31.12.2018 , a number
I DONT HAVE TIME PLEASE HELPPP 16) According to the income statement of ALIKANLAR High Tech and Innovation Inc. as of 01.01-31.12.2018 , a number of financial data are shown as below. 10 points
After necessary calculations CREATE THE FULL INCOME STATEMENT below (with the missing main subtotals such as Gross sales, Operating expenses, net sales, Gross Sales Profit Or Loss, Extraordinary Income And Profit, sales discounts, Operating Profit Or Loss, Extraordinary Expense And Loss, Income And Profit From Other Operations, Expense And Loss From Other Operations, Financial Expenses, Ordinary Profit Or Loss, Current Period Profit Or Loss, Net Profit (Or Loss) For The Period)
Domestic sales:450
Export sales : 50
Returns from sales:45
Sales discounts : 5
COST OF SALES: 150
Research and development expenses : 30
Marketing, sates and distribution expenses: 10
General and administrative expenses : 10
Dividend income from subsidiaries:30
Interest income:10
Commission income:10
Interest expense on notes discounted: 25
Commission expenses :25
Short-term borrowing expenses: 50
Long-term borrowing expenses: 50
Income and profit relating to prior periods: 10
Non-operating department expense and loss :5
Expense and loss relating to prior periods: 5
Current Period Provision For Tax And Other Legal Liabilities:50
17) For X company, the details of a number of T-accounts in ledger are shown below. Create the TRIAL BALANCE below as of 31.12.2020 based on the T-accounts data in ledger10 points
Cash | Accounts receivables | Land | Notes payable | Accounts payable | Owners equity (capital) | ||||||
30 | 15 | 5 | 15 | 10 |
| 10 |
| 15 |
| 30 | |
5 | 5 |
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5 |
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Merchandise Stocks | Utilities expense | Rent revenue | |||
25 |
| 5 |
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| 5 |
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