Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The following information was obtained from the annual report of A Ltd of the current year. Income statement: Sales 4200 Cost of sales -1680 Other

The following information was obtained from the annual report of A Ltd of the current year.

Income statement:

Sales 4200
Cost of sales -1680
Other operating expenses -630
Profit before interest and tax 1890
Interest expense -756
Profit before tax 1134
Taxation paid -340
Profit for the year 794


Statement of changes in equity:

Opening balance 100
Profit for the year 794
Dividends paid -318
Closing balance 576


Notes to the financial statements:

Depreciation 126
Salaries and wages 189

Required:

Insert the correct amounts in the value added statement of A Ltd pertaining to the current year for


Sales =

Bought-in material and goods =

Value added =

Distributed to:

Depreciation =

Interest paid =

Salaries and wages =

Taxation =

Dividends =

Retention =

Total distribution =


Step by Step Solution

There are 3 Steps involved in it

Step: 1

Answer To construct the valueadded statement for A Ltd for the current year well use the information ... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Auditing Cases An Interactive Learning Approach

Authors: Steven M Glover, Douglas F Prawitt

4th Edition

0132423502, 978-0132423502

More Books

Students also viewed these Accounting questions

Question

Discuss whether self-actualization should be everyones goal.

Answered: 1 week ago

Question

What do you think?

Answered: 1 week ago

Question

7. Describe the binomial distribution.

Answered: 1 week ago

Question

9. Describe the Poisson distribution.

Answered: 1 week ago