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Question 1 Income statement ( 3 0 % ) Set up the profit and loss account for the year 2 0 2 x based on
Question Income statement Set up the profit and loss account for the year x based on the attached information, including "multiplestep format". This is for a manufacturing company that manufactures and sells its own products. The company owns real estate, which it partially rents out. Can give you assumptions about presentation breakdowns Amounts in thousands of ISK. Sold own production Rental of property Profit on sale of machinery and equipment Raw material consumption Salary of production staff Salary of office staff and foreman Office operating expenses sales and service Electricity cost of production Maintenance of production machines Depreciation totals Capital charges interest charges Capital income interest income Costs due to renting out housing Cost of participation in the annual trade show Income tax is calculated at The word is called financial asset income in some settlements
Question Income statement
Set up the profit and loss account for the year x based on the attached information, including "multiplestep format". This is for a manufacturing company that manufactures and sells its own products. The company owns real estate, which it partially rents out. Can give you assumptions about presentation breakdowns Amounts in thousands of ISK.
Sold own production
Rental of property
Profit on sale of machinery and equipment
Raw material consumption
Salary of production staff
Salary of office staff and foreman
Office operating expenses sales and service
Electricity cost of production
Maintenance of production machines
Depreciation totals
Capital charges interest charges
Capital income interest income
Costs due to renting out housing
Cost of participation in the annual trade show
Income tax is calculated at
The word is called financial asset income in some settlements
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