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Prepare the income statement given that gross profit on sale is equal to 1300 No. 1. 2. 3. 4. 5. 6. 7. 8. Amount 30
Prepare the income statement given that gross profit on sale is equal to 1300
No. 1. 2. 3. 4. 5. 6. 7. 8. Amount 30 300 100 110 90 210 140 100 9. 10. 11. 12. IS 13. 14. 15. 16. 17. 18. 19. 20. Description Dividends received Administrative expenses Selling costs Calculated (accrued) and paid fine for pollution of the environment Calculated (accrued) income tax on employee salaries Received compensation for not punctual delivery Received cash donation Received interest related to bank deposit including 60 accrued (recognized) in the analyzed accounting period Income tax Donated (free of charge) office materials to the kindergarten Net sale of materials Cost of sale of materials/ Cost of materials sold Revenue on sale of short-term financial assets Carrying amount of sold short-term financial assets Initial value of sold short-term financial assets Revenue on sale of office furniture Net value of sold office furniture Accumulated depreciation relating to sold office furniture Impairment (write off) of interest on trade receivables Value of the bills of exchange paid during the given period by "HELP ME BROTHER" Ltd. Increase in the value of trade receivables due to an increase of the exchange rate of Euro Increase in the value of trade payables due to an increase of the exchange rate of Euro Decrease in the value of trade receivables due to financial problems of debtor Damage of goods for resale assigned to extraordinary event 350 120 500 400 230 80 100 1000 700 300 130 120 21. 70 22. 30 23. 100 24. 70Step by Step Solution
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