Practice Examination Paper $-$ Question paper

Section A $-$ There is one question in this section of the paper. You MUST answer this question

Question One

Set out below are the draft Statements of Financial position and Statements of Profit or Loss for Ultrastar PLC and Vecglo PLC for the year ended $31$ December $201$Y:

Ultrastar PLC

Em

Assets

Non$-$current assets

Intangibie assets

Property, plant and equipment

Current assets

Inventories

Trade receivables

Cash and cash equivalents

Total assets

Equity and Liabilities

Equity

Issued share capital

Reserves

Retained earnings

Non$-$current liabilities

Long$-$term loans

Current liabilities

Trade payables

Taxation

Bank overdraft

Total equity and liabilities

Em

$\frac{12}{450}$

$90$

$\frac{70}{225}$

$\backslash$table$[[150],[90],[-],[240],[702]]$

$250$

$\backslash$table$[[300,50],[30,92],[61,],[391,392]]$

$50$

$150$

$\backslash$table$[[106,124],[18,30],[-,6],[124,160],[565,702]]$