Question: With information provided below, calculate the missing values of the financial statement items in question. Show all calculations and include Revenues $1,000 Trade Payables $50
With information provided below, calculate the missing values of the financial statement items in question. Show all calculations and include
Revenues $1,000 Trade Payables $50
Cost of Sales $500 Trade Receivables $20
Distribution costs $25 Income Tax Expense $100
Trade Receivables $100 Long-term debt $500
Deferred Tax Liabilities $300 Plant and Equipment $1,500
Cash $10 Goodwill $30
Administrative Expenses $100 Inventory $200
Finance costs (paid) $100 Total Assets $1,785
Current Portion of Long-term debt $25
Share Capital $500
Prepaid Expenses $25
Total Equity:
Gross Profit:
Profit:
Non-Current Assets:
Current Assets:
Retained Earnings:
Total Non-current Liabilities:
Total Current Liabilities:
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