Question: rectors made the following resolutions at year - end, which are yet to be recorded: Dividends declared at R 1 . 4 per share and
rectors made the following resolutions at yearend, which are yet to be recorded:
Dividends declared at R per share and will be paid at the end of April
A total bonus amounting to R must be paid to directors on April
The loan from Broederstroom Bank was acquired on March at an interest rate of per annum. Interest on all loans for the current financial year has not yet been accounted for. The loan is repayable in five annual equal instalments with effect from March
Authorised share capital consists of NPV ordinary shares. Share capital stated above consists of ordinary shares issued at R per share. On December the directors issued shares at R per share. The shares were taken up by the public on February and this transaction has not been recorded.
Inventory on February consisted of the following:
Inventory stock on hand: R
Stationery on hand: R
The allowance for credit losses must be adjusted to R A debtor who owes the business R was declared insolvent and must be written off as irrecoverable.
Investments consist of
Investment in Mkhaya Institute Pty Ltd at a cost of R this investment is measured at cost
shares in Mkhuluwa Ltd at fair value on February this investment is held for trading and the fair value gainlosses are recognised in profit or loss. These shares were trading at R per share on February On the th of February Mkhuluwa Ltd declared a dividend of R per share.
REQUIRED:
Complete the amounts in the EXTRACT presented below of the statement of profit or loss and other comprehensive income of Greenfields Fertilizers CC for the year ended February
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