Question: he information provided below was obtained from Dosco ple's bookkeeping records on 31 March 2020. (i) Prepare Dosco ple's financial statements in a form suitable
he information provided below was obtained from Dosco ple's bookkeeping records on 31 March 2020. (i) Prepare Dosco ple's financial statements in a form suitable for publication: statement of profit or loss [9] statement of changes in equity [2] statement of financial position. [4] Discuss the implications of the loss on revaluation of property for Dosco's shareholders. [5] [Total 201 Dosco plc List of balances as at 31 March 2020 Administrative expenses Cash at bank Borrowings (long term) Directors' remuneration Dividends paid Interest on borrowings Manufacturing costs Manufacturing materials - inventory at start of year Manufacturing purchases Manufacturing wages Plant and equipment - accumulated depreciation Plant and equipment -cost Property - accumulated depreciation Property - cost Retained earnings Revenue Sales salaries Selling expenses Share capital Share premium Trade payables Trade receivables S000 939 155 361 1,366 101 44 1,734 614 4,003 1,120 939 7,081 1,543 3,251 1,610 16,927 890 888 1,626 434 184 1,438 Further information: Inventory was counted at 31 March 2020 and was valued at $740,000 (2) Manufacturing costs exclude $50,000 of compensation that will be paid in June 2020 to employees who were injured in an industrial accident. (3) Property was valued at $1,500,000 on 31 March 2020. That valuation is to be incorporated into the financial statements, Corporation tax of $1,337,000 is to be provided for the year.
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