Techcheng Prahok Trading and Export (Cambodia) Pte. Ltd. provided you with the following data: Year 2021...
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Techcheng Prahok Trading and Export (Cambodia) Pte. Ltd. provided you with the following data: Year 2021 Capital, 1 January Sales revenue Cost of goods sold Operating expenses Interest expense Additional investments Year 2022 Sales revenue Cost of goods sold Operating expenses Interest expense Profit tax expense Drawings 1. Compute the net profit/net loss for the year ended 31 December 2021. 2. Compute the amount of capital as of 31 December 2021. 3. Compute the net profit/net loss for the year ended 31 December 2022. 4. Compute the amount of capital as of 31 December 2022. USD 100,000 175,000 100,000 85,000 10,000 100,000 USD 320,000 110,000 100,000 10,000 20,000 5,000 Techcheng Prahok Trading and Export (Cambodia) Pte. Ltd. provided you with the following data: Year 2021 Capital, 1 January Sales revenue Cost of goods sold Operating expenses Interest expense Additional investments Year 2022 Sales revenue Cost of goods sold Operating expenses Interest expense Profit tax expense Drawings 1. Compute the net profit/net loss for the year ended 31 December 2021. 2. Compute the amount of capital as of 31 December 2021. 3. Compute the net profit/net loss for the year ended 31 December 2022. 4. Compute the amount of capital as of 31 December 2022. USD 100,000 175,000 100,000 85,000 10,000 100,000 USD 320,000 110,000 100,000 10,000 20,000 5,000
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Year 2021 1 Compute the net profitnet loss for the year ended 31 December 2021 Net ProfitLoss 2021 S... View the full answer
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date:
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