From the following information extracted from the annual accounts of JAIYEOLA PLC for the year ended...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
From the following information extracted from the annual accounts of JAIYEOLA PLC for the year ended 31 December 20x5, you are required to prepare the company's Statement of Value Added for the year. 3 Sales (net of value added tax) Raw materials inventory at 1 January 20X5 Raw materials inventory at 31 December 20X5 Royalties received Purchase of raw materials. Payables as at 1" January 20x5 Payables as at 31 December, 20X5 Receivables as at 1¹ January 20x5 Peceivables as at 31 December 20X5 Wages (net of PAYE) PAYE deductions Staff pensions Company income tax (statement of comprehensive income) Taxation payable at 1 January 20X5 A'000 1,716 302 735 74 1,231 257 423 595 986 278 74 70 165 460 Taxation payable at 31st December 20x5 Dividend paid Jaiyeola Plc's share of earnings of associated company Deprecation (Statement of Comprehensive Income) Purchase of non-current assets Dividend received from associated companies Interest paid for the year Retained profits for the year Accumulated deprecation at 31st December 20X5 320 140 165 152 1,100 78 175 202 1,631 From the following information extracted from the annual accounts of JAIYEOLA PLC for the year ended 31 December 20x5, you are required to prepare the company's Statement of Value Added for the year. 3 Sales (net of value added tax) Raw materials inventory at 1 January 20X5 Raw materials inventory at 31 December 20X5 Royalties received Purchase of raw materials. Payables as at 1" January 20x5 Payables as at 31 December, 20X5 Receivables as at 1¹ January 20x5 Peceivables as at 31 December 20X5 Wages (net of PAYE) PAYE deductions Staff pensions Company income tax (statement of comprehensive income) Taxation payable at 1 January 20X5 A'000 1,716 302 735 74 1,231 257 423 595 986 278 74 70 165 460 Taxation payable at 31st December 20x5 Dividend paid Jaiyeola Plc's share of earnings of associated company Deprecation (Statement of Comprehensive Income) Purchase of non-current assets Dividend received from associated companies Interest paid for the year Retained profits for the year Accumulated deprecation at 31st December 20X5 320 140 165 152 1,100 78 175 202 1,631
Expert Answer:
Related Book For
Financial Accounting and Reporting
ISBN: 978-0273744443
14th Edition
Authors: Barry Elliott, Jamie Elliott
Posted Date:
Students also viewed these accounting questions
-
The summarized statements for the year ended 31 December 2007 for Mat, Rug and P entities are as follows: Statements of comprehensive income for the year ended 31 December 2007 The following...
-
The income statements for the year ended 31 December 2020 and the statements of financial position as at 31 December 2020 for Garden Plc, Leaf Ltd and Flower Ltd are given as follows: Statements of...
-
You are required to prepare a comprehensive report clearly mentioning the impact of policies of State Bank of Pakistan on the banking sector and other stakeholders due to COVID 19. Support your...
-
Factor each polynomial. 64y 9 + z 6
-
What is conservatism? What are its advantages?
-
Consider the Multisim representation of a balanced three-phase Y-Y power system shown in Figure P16-57. An owner of the plant who wants to install the system is contemplating whether to save money by...
-
Are the input specifiers for scanf() identical to the output specifiers for printf()?
-
The accounting records of Walls China Shop reflected the following balances as of January 1, 2016: Cash ............ $80,100 Beginning inventory .... 33,000 (220 units @ $150) Common stock...
-
Te If you have $90,000 in a bank account that is paying an interest rate of 6 percent that is being compounded annually, how many years will it take to double your investment if the interest rate...
-
A hollow circular post ABC (see figure) supports a load P1 = 1700 lb acting at the top. A second load P2 is uniformly distributed around the cap plate at B. The diameters and thicknesses of the upper...
-
3. Linear Algebraic Equations Use MATLAB to solve the following problems. a. -2x + y = -5 -2x + y = 3 b. -2x + y = 3 -8x + 4y = 12 c. -2x + y = -5 -2x + y = -5.00001 d. x + 5x - 2x - x + x3 + 6x4 =...
-
Searay Inc produces boat cushions for wholesale customers. Their contribution margin for the month of July is $51,215, with an operating income of $25,210. What is their new operating income if they...
-
2. List five reasons why Canada did not use one Building Code? 1. of a Performance Code?
-
Cameron is so happy with their building endeavours that he give Julie an antique dinning table for their home as a bonus. Carter pays for the table at a cost of $20,000 explain the tax implications...
-
Calculate the ES, EF, LS, and LF times and the slack for each activity.Identify the critical path for the project. Can the project be completed in 30 weeks?Assume that Systems Analysis actually...
-
Company W stands at the forefront of the aluminum industry as the leading producer in the world, which is exemplified through their divisions accounting for the inventory valuation under the LIFO...
-
Hull Test Laboratories does heat testing (HT) and stress testing (ST) on materials and operates at capacity. Under its current simple costing system. Hull aggregates all operating costs of $1,300,000...
-
Several months have passed and the Managing Partner approved and properly filed the Complaint and properly submitted the Request for Production of Documents that you drafted. In fact, it has been 75...
-
Set out below is the summarized statement of financial position of Berlin plc at 1 January 20X0. 000 ASSETS Non-current assets Property, plant and equipment ...... 250 Current assets ............ 150...
-
Obtain the financial statements of two companies based in different countries. Review the accounting policies notes. Analyse what the policies tell you about the regulatory environment in which the...
-
The statements of financial position of Radar plc at 30 September were as follows: The following information is available: (i) An impairment review of the investments disclosed that there had been an...
-
Discuss how a new brand manufacturer would go about defining their market segments and then begin to target them.
-
Go to www.kellogs.com, and examine the brands offered by Kelloggs. Using the BCG growth-share matrix, classify 10 brands as stars, question marks, cash cows, or dogs. Find at least one product you...
-
Diff Eyewear is a successful business built around a socially conscious mission. The company makes and sells stylish eyewear with comparable quality but a significantly lower price than luxury...
Study smarter with the SolutionInn App