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15 баллов
FA Section B · 15 баллов · рекомендуется: 18 мин
Statement of profit or loss from a trial balance (Kestrel Co)
Задания на английском — языке экзамена. Компании и цифры вымышлены для тренировки.
The following balances relate to Kestrel Co for the year ended 31 December 20X7.
| Balance | $ |
|---|---|
| Revenue | 620,000 |
| Inventory at 1 January 20X7 | 45,000 |
| Purchases | 380,000 |
| Distribution costs | 40,000 |
| Administrative expenses | 65,000 |
| Equipment at cost | 200,000 |
| Accumulated depreciation at 1 January 20X7 | 60,000 |
| 6% loan (received several years ago) | 100,000 |
Further information: (1) Closing inventory was counted at $52,000. (2) Equipment is depreciated at 20% a year on the reducing balance; depreciation is charged to cost of sales. (3) Administrative expenses include insurance of $12,000 for the year to 31 March 20X8, paid on 1 April 20X7. (4) A debt of $4,000 is irrecoverable and should be written off to administrative expenses. (5) No loan interest has been paid or accrued for the year. (6) Income tax for the year is estimated at $18,000.
- (a) What is cost of sales, including depreciation ($)?3 баллов
- (b) What is the insurance prepayment at 31 December 20X7 ($)?2 баллов
- (c) What are administrative expenses for the year ($)?2 баллов
- (d) What is the finance cost for the year ($)?2 баллов
- (e) What is profit before tax ($)?3 баллов
- (f) What is profit for the year ($)?2 баллов
- (g) Where does the unpaid loan interest appear in the statement of financial position?1 баллов