The financial statements of Zetar plc are presented in Appendix C. The companys complete annual report, including

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The financial statements of Zetar plc are presented in Appendix C. The company’s complete annual report, including the notes to its financial statements, is available at Instructions
(a) Is Zetar using a multiple-step or a single-step income statement format? Explain how you made your determination.
(b) Instead of “interest expense,” what label does Zetar use for interest costs that it incurs?
(c) What is the approximate tax rate of Zetar’s “Tax on profit from continuing activities”?
(d) Using the notes to the company’s financial statements, explain what each of the following are:
(1) Adjusted results.
(2) One-off items

Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...
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Financial Accounting Tools for business decision making

ISBN: 978-0470534779

6th Edition

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso

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