Answered step by step
Verified Expert Solution
Question
1 Approved Answer
please help 3. Goodwill is to be amortized by 15% 4. Corporation tax is estimated to be 42,000 5. The provision for bad debts is
please help
3. Goodwill is to be amortized by 15% 4. Corporation tax is estimated to be 42,000 5. The provision for bad debts is to be revised to 10% of debtors. The adjustment is to be treated as administrative expenses 6. Transfer 20,000 from profits to the general reserves 7. The operating expenses are to be apportioned as follows 8. The following proposals were approved by the directors a.Final ordinary shares premium @5\% b. New issue of 50,000 Ordinary shares for a total value of 110,000 Required 1. State three factors that may influence a company's decision to pay dividends 2. Briefly explain three non cash dividend options 3. Prepare the following a. The Statement of Profit and Loss b. The Statement of Change in Equity c. The Statement of Financial Position The following balances were obtained from the books of Steph Curry plc as at December 31, 2020. Additional Notes 1. Wages and salaries owing by 8,000 ; Insurance is prepaid by 7,000 2. Provide for depreciation as follows 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