Question: Use the informetion provided below to prepare the Pro Forma Statenent of Comprehenshe Income for the year ended 3 1 December 2 0 2 4

Use the informetion provided below to prepare the Pro Forma Statenent of Comprehenshe Income for the year ended 31 December 2024. The statement must include the gross profit, operating profit, profit before tax and profit after tax.
INFORMATION
The following figures have been extracted from the Statement of Comprehensive Income of Becker
Additional information
The sales forecast for the year ended 31 December 2024 is R2000000.
Becker Limited uses the percentage-of-sales method to prepare its Pro Forma Stalement of Comprehensive income.
The company has identified cost of sales, operating expenses and interest expense as varying in proportion to sales.
Company tax is calculated at 27% of the profit before tax.
 Use the informetion provided below to prepare the Pro Forma Statenent

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!