You will receive the following from the accounts 2020 to Lilleberg AS.

Accounts receivable IB 70,000
Accounts receivable UB 80,000
Accounts payable IB 78 000
Accounts payable UB 88,000
Inventory IB 95,000
Inventory UB 120,000
Cost of goods 550,000
Recognized salary cost 50,000
Prepaid salary UB 4,000
Salary due IB 5,000
Salary due UB 6,000
Sales revenue 1,000,000
Settlement loss on receivable IB 1,000
Provision for losses on previous UB 1,200
Established loss on trade receivable 380
Depreciation 50,000
Miscellaneous operating costs (excl. Loss on receivables) 200,000
Interest cost 10,000
Paid tax 30,000
Hidden reserve IB 10,000
Hidden reserve UB 15,000

a) How much is paid to the suppliers when you assume 25% services tax?
b) How much is paid in salary?
c) How much is recognized in the income statement as a loss on receivables?

Answer rating: 100% (QA)

a How much is paid to the suppliers when you assume 25 services tax The total amount paid ... View the full answer