Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Please show format and workings Cheetahs Limited's Statement of Comprehensive Income for the year ended 31 December 2021 and the Statement of Financial Position as

image text in transcribed
image text in transcribed
Please show format and workings
image text in transcribed
image text in transcribed
Cheetahs Limited's Statement of Comprehensive Income for the year ended 31 December 2021 and the Statement of Financial Position as at 31 December 2021 and 2020 are as follows: Statement of Comprehensive Income Revenue Less Cost of sales Gross profit Less Distribution costs Administrative expenses Rental income Operating profit Less Interest payable Profit on ordinary activities before taxation Less Tax on profit on ordinary activities Profit on ordinary activities after taxation Retained profit brought forward from last year R million (m) 723 (453) 270 71 30 (101) 169 27 196 (26) 170 (36) 134 123 257 (60) Less Dividend paid on ordinary shares Retained profit carried forward 197 Cheetahs Limited's Statement of Comprehensive Income for the year ended 31 December 2021 and the Statement of Financial Position as at 31 December 2021 and 2020 are as follows: Statement of Comprehensive Income Revenue Less Cost of sales Gross profit Less Distribution costs Administrative expenses Rental income Operating profit Less Interest payable Profit on ordinary activities before taxation Less Tax on profit on ordinary activities Profit on ordinary activities after taxation Retained profit brought forward from last year R million (m) 723 (453) 270 71 30 (101) 169 27 196 (26) 170 (36) 134 123 257 (60) Less Dividend paid on ordinary shares Retained profit carried forward 197

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored 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

Recommended Textbook for

Bank Management Text And Cases

Authors: George H. Hempel, Alan B. Coleman, Donald G. Simonson

3rd Edition

0471621781, 978-0471621782

More Books

Students also viewed these Accounting questions

Question

How does nonverbal communication express cultural values?

Answered: 1 week ago