The following information was extracted from the financial statements of I. Ching (Booksellers) plc for the year

Question:

The following information was extracted from the financial statements of I. Ching (Booksellers) plc for the year to 31 December 2009:

£m

Finance charges.......................................................................40

Cost of sales...........................................................................460

Distribution expenses..............................................................110

Revenue..................................................................................943

Administrative expenses.........................................................212

Other expenses.........................................................................25

Gain on revaluation of property, plant and equipment...............20

Loss on foreign currency translations on foreign operations.....15

Tax on profit for the year............................................................24

Tax on other components of comprehensive income..................1


Prepare a statement of comprehensive income for the year ended 31 December 2009 that is set out in accordance with the requirements of IAS 1 Presentation of Financial Statements.

Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...
Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question
Question Posted: