Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

W Question 17 The following is the statement of comprehensive income of Green Limited: Green Limited Statement of Comprehensive Income for the Year Ended 31

image text in transcribed

W Question 17 The following is the statement of comprehensive income of Green Limited: Green Limited Statement of Comprehensive Income for the Year Ended 31 December 2018 GHC 86,000 Sales 16,500 Less: Cost of goods sold Opening stock Purchases 48,000 Less closing stock (24,000) (40,500) 45,500 Gross profit Less operating expenses (9,000) Administrative expenses Depreciation (4,000) Selling & distribution expenses (10,000) (23,000) Profit before interest and tax 22.500 Interest (5,000) Profit before tax 17,500 Corporate tax 6.000 Profit after interest & tax 11,500 Green Limited Statement of Financial Position as at 31 December 2018 31/1/2018 Non-current assets Plant & machinery 20,000 15.000 8.000 8.000 Motor vehicles Equipment 101000 120000 38,000) 35.000 Current assets Inventory 24,000 Receivables 20(X) Cash & bank 1.000 (42.000 73.500 Total assets 1400 108.500 Financed by Stated capital 55.000 Income surplus 2000 15 (KD) 15. (XX) Non-current liabilities Sa Debenture 16,000 Current liabilities 320 Coalitions (21(NX) Total equity and liabilities ALON 225 50 108.500 Required: (a) Prepare the Statement of Cash-flow for Samons Limited for the year ended 31' December (15 marks) 16.500 21,000 $4.000 HELLER SER 31/12/017

Step by Step Solution

There are 3 Steps involved in it

Step: 1

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

Step: 3

blur-text-image

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

The Impact Of Auditor Rotation On Audit Quality A Field Study From Egypt

Authors: Diana Mohamed

1st Edition

3848425378, 978-3848425372

More Books

Students also viewed these Accounting questions