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Sprat Morrison plc has provided the following data for the year 2 0 2 2 : DETAILS Dr Cr Office Supplies 4 0 , 0
Sprat Morrison plc has provided the following data for the year : DETAILS Dr Cr Office Supplies Wages and Salaries Utilities Insurance Share Premium General Reserves Debenture Interest Loan Interest Retained Earning at January Management Fees Directors Fees Preference Shares @ Ordinary Share Capital @ $ Debenture Loan Property Plant and Equipment Motor Vehicle Prov for Depreciation PPE Prov for Depreciation Motor Vehicle Debtors Creditors Commission Income Rent Income Goodwill Bank Cash Interim Ordinary Shares Premium Interim Preference Shares Dividends Stock at December Sales Turnover Cost of Sales The following additional information was also available : Wages is owing by $ while insurance is prepaid by $ The commission income is prepaid by $ while the rent income of $ is owing Provide for depreciation as follows : Property Plant and Equipment on the straight line; motor vehicle on the reducing balance. Transfer $ for the profits to the general reserves Corporation tax is estimated to be $ The directors have approved the following : the settlement of the preference share dividends; a new issue of ordinary shares for which $ was received by cheque from the broker. No further ordinary shares dividends was declared. The Expenses should be appropriated as follows Expense Admin S & D Office Supplies Wages and Salaries Utilities Insurance Management Fees Directors Fees Depreciation Write off of the goodwill Required Prepare the Statement of Profit and Loss and the Statement of Change in Equity for the year ending December ; as well as the Statement of Financial Position as at December marks Explain five factors that may influence a companys decision to pay dividends. marks Explain four non cash dividends options that a company may pursue marks A company may leverage its financing by way of grants and subsidies. Briefly explain a grants; and b subsidies. Give two appropriate examples for each term marks
Sprat Morrison plc has provided the following data for the year :
DETAILS Dr Cr
Office Supplies
Wages and Salaries
Utilities
Insurance
Share Premium
General Reserves
Debenture Interest
Loan Interest
Retained Earning at January
Management Fees
Directors Fees
Preference Shares @
Ordinary Share Capital @ $
Debenture
Loan
Property Plant and Equipment
Motor Vehicle
Prov for Depreciation PPE
Prov for Depreciation Motor Vehicle
Debtors
Creditors
Commission Income
Rent Income
Goodwill
Bank
Cash
Interim Ordinary Shares Premium
Interim Preference Shares Dividends
Stock at December
Sales Turnover
Cost of Sales
The following additional information was also available :
Wages is owing by $ while insurance is prepaid by $
The commission income is prepaid by $ while the rent income of $ is owing
Provide for depreciation as follows : Property Plant and Equipment on the straight line; motor vehicle on the reducing balance.
Transfer $ for the profits to the general reserves
Corporation tax is estimated to be $
The directors have approved the following : the settlement of the preference share dividends; a new issue of ordinary shares for which $ was received by cheque from the broker. No further ordinary shares dividends was declared.
The Expenses should be appropriated as follows
Expense Admin S & D
Office Supplies
Wages and Salaries
Utilities
Insurance
Management Fees
Directors Fees
Depreciation
Write off of the goodwill
Required
Prepare the Statement of Profit and Loss and the Statement of Change in Equity for the year ending December ; as well as the Statement of Financial Position as at December marks
Explain five factors that may influence a companys decision to pay dividends. marks
Explain four non cash dividends options that a company may pursue marks
A company may leverage its financing by way of grants and subsidies. Briefly explain a grants; and b subsidies. Give two appropriate examples for each term
marks
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