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QUESTION 1 The following additional information is available: 1 . At September 3 0 , 2 0 2 3 closing inventory was $ 3 2
QUESTION The following additional information is available: At September closing inventory was $ The Accountant has determined that the estimate for the provision for bad debts at September is of debtors. At the end of the period it was discovered that one employee was owed $ in salaries while another was overpaid by $ Additionally insurance prepaid was $ The following appropriation of the expenses must be made Admin Selling & Dist Rent Wages & Salaries Insurance Prov. for Depreciation On June the company rented some of its office space to Breezy Ltd At that date Breezy Ltd paid rent covering the next nine months. Depreciation should be provided as follows: Land Nil Buildings percent per year on cost Furniture & Fittings percent per year on reducing balance Goodwill impairment was estimated to be Corporation tax is estimated to be $ The directors proposed on September to pay the final preference dividends. At a board of directors meeting on October the directors evaluated the performance of the business over the past financial year and proposed to pay a further ordinary dividend. Required: a Prepare the following for McKie Ltd for the financial year ending September : i Statement of Profit or Loss marks ii Statement of changes in equity marks iii. Statement of Financial Position. marks
QUESTION
The following additional information is available:
At September closing inventory was $
The Accountant has determined that the estimate for the provision for bad debts at September is of debtors.
At the end of the period it was discovered that one employee was owed $ in salaries while another was overpaid by $ Additionally insurance prepaid was $
The following appropriation of the expenses must be made
Admin Selling & Dist
Rent
Wages & Salaries
Insurance
Prov. for Depreciation
On June the company rented some of its office space to Breezy Ltd At that date Breezy Ltd paid rent covering the next nine months.
Depreciation should be provided as follows:
Land Nil
Buildings percent per year on cost
Furniture & Fittings percent per year on reducing balance
Goodwill impairment was estimated to be
Corporation tax is estimated to be $
The directors proposed on September to pay the final preference dividends.
At a board of directors meeting on October the directors evaluated the performance of the business over the past financial year and proposed to pay a further ordinary dividend.
Required:
a Prepare the following for McKie Ltd for the financial year ending September :
i Statement of Profit or Loss marks
ii Statement of changes in equity marks
iii. Statement of Financial Position. marks
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