Question: Post a epestion Post a QUESTION TWO Consider the information extracted from two (2) companies below Abridged Statement of Comprehensive Income for the year ended

 Post a epestion Post a QUESTION TWO Consider the information extracted

from two (2) companies below Abridged Statement of Comprehensive Income for the

Post a epestion Post a QUESTION TWO Consider the information extracted from two (2) companies below Abridged Statement of Comprehensive Income for the year ended 31 December 2017 ou 125) Berry Limited R'000 2000 Blue Limited R' 000 1000 Sales Cost of sales Gross profit Wages & general overheads Operating Profit Interest Paid Net Profit Dividend Retained Profit 300 500 120 207 100 200 40 100 Abridged Statement of Financial Position as at 31 December 2017 Non-current assets Property Equipment 240 60 300 160 170 Current assets Inventory Debtors Bank 300 300 200 190 110 500 600 Shareholders' funds (Equity) Share capital (all shares R1 each) Reserves 230 100 330 180 250 430 Non-current liabilities Loans (at 10%) Current liabilities Creditors Bank overdraft Shareholders for dividends 200 70 260 40 80 60 100 400 140

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!