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please assist with q4 thanks The following is a pre-adius (25: Additional information to be effected on 31 December 2020 (1) Closing Inventory on 31
please assist with q4
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The following is a pre-adius (25: Additional information to be effected on 31 December 2020 (1) Closing Inventory on 31 December 2020 amounted to R80 000 . (2) Depreciate Equipment at 10% per annum on diminishing balance method. (3) Write off further Credit losses amounting to R2 000 . (4) Adjust Allowances for credit losses to 5% of Debtors. (5) Provide for the outstanding interest on loan at 10% per annum. (6) A final dividend of R14000 was declared on 31 December 2020 . (7) Income taxation expense for the year amounted to R40000. REQUIRED: Prepare a Statement of Comprehensive Income for TTM Ltd for the year ended 31 December 2020 in compliance to the General Accepted Accounting Practices (GAAP). Comparative figures and notes are not requiredStep by Step Solution
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