Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Net Pro 71000 Prele before be 100.000 euro 750,000 Income tax et 296, Internt on tonton terma 100.000. Collater the Taxation for the year Select

image text in transcribed
image text in transcribed
Net Pro 71000 Prele before be 100.000 euro 750,000 Income tax et 296, Internt on tonton terma 100.000. Collater the Taxation for the year Select one 10000 b. 300 @CR217 500 Od 29 000 Accome that a company has current assets of Good corrent habities of 15 000 and prepaid expenses of R5 000. Calculate the quick ratio of the company Net Mabutal Preto Select one O a171 b. 1.36 Oc157 Od: 0.58 Note ABC LTDPs figures for an accounting period include sales RS6m, PBITR14m, equity R16m and non-current liabilities Ram. The company's retum en capital employed for the period is Select one 2355 b.25 og in O 175 d. Det 9 Noyut R15 000 still to be received, try the year and out of the total amount receivable from a share we should be reported on that company's financial statements tho Select one On an asset on the statement of financial position a loss on the statement of income O can income in the statement of income O d. alability on the statement of financial position 10 Nole A company had to pay R15 million in respect of customers' claims for injuries suffered from goods manufactured and sold in the previous year. When preparing the financial statements for the previous year the company was not aware of it nor did they provide for these damages. How should the company report the amount paid Mtoto TO Select one: a in the current year's Statement of income, describing it as an extraordinary item Ob On the Statement of financial position as a deduction from the total of Equity and reserves. O. In the Statement of changes in equity as a deduction from balance brought forward Od in the current year's Statement of income included as part of Administration Expenses

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered 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

Students also viewed these Accounting questions