The following extracts of Tim's financial statements are available: '000 Redeemable preference share capital 75 Ordinary...
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The following extracts of Tim's financial statements are available: £'000 Redeemable preference share capital 75 Ordinary Share Capital 1350 Share Premium Retained Earnings 10% Loan Notes The gearing (debt to debt plus equity) ratio of Tim will be: 600 600 225 James Plc's year end is 28 February 2022. In April 2022 a major customer went into liquidation and the directors believe that they will not be able to recover the £375,000 owed to them. How should this item be treated in the financial statements of James Plc for the year ended 28 February 2022? The following extracts of Tim's financial statements are available: £'000 Redeemable preference share capital 75 Ordinary Share Capital 1350 Share Premium Retained Earnings 10% Loan Notes The gearing (debt to debt plus equity) ratio of Tim will be: 600 600 225 James Plc's year end is 28 February 2022. In April 2022 a major customer went into liquidation and the directors believe that they will not be able to recover the £375,000 owed to them. How should this item be treated in the financial statements of James Plc for the year ended 28 February 2022?
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Related Book For
Financial Accounting and Reporting
ISBN: 978-1292162409
18th edition
Authors: Barry Elliott, Jamie Elliott
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