Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Question
The statements of comprehensive income for three entities for the year ended 30 September 2009 are presented below: SOT
PB
UV
$000
Revenue
6,720
6,240
5,280
Cost of sales
(3,600)
(3,360)
(2,880)
Gross profit
3,120
2,880
2,400
Administrative expenses
(760)
(740)
(650)
Distribution costs
(800)
(700)
(550)
Investment income
80
-
Finance costs
(360)
(240)
(216)
Profit before tax
1,280
1,200
984
Income tax expense
(400)
(300)
Profit for the year
880
840
684
Other comprehensive income
Actuarial gains on defined benefit pension plan
110
40
Tax effect of other comprehensive income
(30)
(15)
Other comprehensive income for the year, net of tax
25
Total comprehensive income for the year
960
709
1. On 1 September 2009 PB paid a dividend of $100,000 and SOT has recorded its share in investment income.
2. SOT holds numerous available for sale investments, and accounts for these in accordance with IAS 39 Financial Instruments: recognition and measurement. Gains on succeeding measurement of $46,000 occurred in the year. The financial controller however is unsure how this should be obtainable within the statement of comprehensive income and so has yet to include it.
3. SOT also liable to an available for sale investment during the year to 30 September 2009 for $630,000, when the carrying value of the investment was $580,000. The gain on disposal of $50,000 is included in administrative payment. Formerly recognised gains associated with this investment of $40,000 still remain in other reserves.
Suppose that all income and gains for the three entities accumulate evenly throughout the year.
Ignore any further tax impact of accessible for sale investments.
Round all figures to the nearest $000.
Required:
Create the consolidated statement of comprehensive income for the SOT group for the year ended 30 September 2009.
TYPES OF VARIANCES Variances are computed for the entire three basic elements of cost - direct labour, direct material, and overhead variance 1. Direct labour variance 2.
Igor and Angela were married in 2005, separated in 2011, and divorced recently. At the time of marriage, each had some investments and personal assets. They both worked during the
how to do it
Co-ownership incentive scheme or Profit Sharing Schemes The organization permits for ownership whereby the employees are permitted to own a percentage of the shares in the fir
You are considering starting a walk-in-clinic. Your financial projections for the first year of operations are as follows: Revenues (10,000 visits) $400
The total demand (marginal benefit) curve for visiting Yosemite is as follows: Price = 5000-10*NumberOfTrips -10*TonsOfVisibleTrash. a. Suppose the quantity of trash=100 tons. D
Assume that you are the purchaser of the building at the end of the construction period, and you have paid the developer an amount which gives you a 7% annual return on net revenue
Disadvantages of Standard Costing 1. The system of standard costing is very expensive to install : A lot of money is spent in studying output requirements in terms of materia
Pauline's Pastry Shop decides to remodel its offices this year. As part of the remodeling, Pauline's trades furniture with a cost of $12,000 that had been expensed in the year of p
selection of activity base/level
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd