Using the table below calculate the net profit (accrual method). Sales Cost of sales Wages Expenses...
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Using the table below calculate the net profit (accrual method). Sales Cost of sales Wages Expenses Dividends paid Dividends received (assume that the entity has shares in other entities ie investments and receives dividends from owning those shares) $ 200 000 80 000 60 000 20 000 30 000 During 20X1, Beta Ltd incurred expenses of $250 and earned a net profit of $50. Retained profits at 1 January 20X1 stood at $70 and dividends declared and paid totalled $30. What were the revenues of Beta Ltd during 20X1? Using the table below calculate the net profit (accrual method). Sales Cost of sales Wages Expenses Dividends paid Dividends received (assume that the entity has shares in other entities ie investments and receives dividends from owning those shares) $ 200 000 80 000 60 000 20 000 30 000 During 20X1, Beta Ltd incurred expenses of $250 and earned a net profit of $50. Retained profits at 1 January 20X1 stood at $70 and dividends declared and paid totalled $30. What were the revenues of Beta Ltd during 20X1?
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a Calculate Sales 200000 Cost 80000 Revenue 200000 80000 120000 net ... 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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