Please assist with Question 1 and 2 only A Question - FA1 - Acc Fin Man.pdf - Adobe Acrobat Reader DC (32-bit)File Edit View Sign Window HelpHomeToolsQuestion - FA1 - A.. xSign In2 /375%CASE STUDY INFORMATION:The following information has been extracted from the accounting records of Lubners Limited on 31 December 2020.Search 'Fill Form'20202019DrCrDrCrOrdinary share capitalNon-current assetsLO Export PDF1728 0001728 0003 462 9642910206inventories665 856584 640Edit PDFAccounts payableAccounts receivable311 328290 304832 608800 064cash338 688362 304Create PDFRetained earnings (1 Jan)Long term Loan244 276932 2561 090 944Other Current liabilities1 057 824809 568CommentTotal Sales (80% credit sales)Cost of sales (80% credit purchases)4 816 5124 535 4242 530 6562 340 288Combine FilesInterest income77769 504taxation207 009192 159Selling and admin expenses1 141 3441 069 056EI Organize PagesInterest expenses149 161174 551Other expenses263 808274 752* Compress PDFREQUIRED:2 RedactQUESTION 1(25)Compile the Statement of Comprehensive Income for the year ended 31 December 2020.(with 2019 comparative figures)QUESTION 2Compile the Statement of Financial Position as at 31 December 2020.(with 2019 comparative figures)(25)Convert, edit and e-sign PDFforms & agreementsQUESTION 3(25)Evaluate the performance of the company by calculating and commenting on the following ratios:Free 7-Day TrialGross margin16:40O Type here to searchWENG2021/08/21近

Statement of Comprehensive Income - It is a statement of Income that shows details of the incomes,…

CASE STUDY INFORMATION: The following information has been extracted from the accounting records of Lubners Limited on 31 December 2020. 2020 2019 Dr Cr Dr Cr Ordinary share capital Non-current assets 1728 000 1728 000 3 462 964 2910206 inventories 665 856 584 640 Accounts payable 311 328 290 304 Accounts receivable 832 608 800 064 cash 338 688 362 304 Retained earnings (1 Jan) Long term Loan Other Current liabilities 244 276 1 090 944 809 568 932 256 1 057 824 Total Sales (80% credit sales) 4 816 512 4 535 424 Cost of sales (80% credit purchases) 2 530 656 2 340 288 Interest income 7776 9 504 207 009 1141 344 149 161 taxation 192 159 Selling and admin expenses Interest expenses Other expenses 1 069 056 174 551 263 808 274 752 REQUIRED: (25) QUESTION 1 Compile the Statement of Comprehensive Income for the year ended 31 December 2020. (with 2019 comparative figures) QUESTION 2 (25) Compile the Statement of Financial Position as at 31 December 2020. (with 2019 comparative figures)

CASE STUDY INFORMATION: The following information has been extracted from the accounting records of Lubners Limited on 31 December 2020. 2020 2019 Dr Cr Dr Cr Ordinary share capital Non-current assets 1728 000 1728 000 3 462 964 2910206 inventories 665 856 584 640 Accounts payable 311 328 290 304 Accounts receivable 832 608 800 064 cash 338 688 362 304 Retained earnings (1 Jan) Long term Loan Other Current liabilities 244 276 1 090 944 809 568 932 256 1 057 824 Total Sales (80% credit sales) 4 816 512 4 535 424 Cost of sales (80% credit purchases) 2 530 656 2 340 288 Interest income 7776 9 504 207 009 1141 344 149 161 taxation 192 159 Selling and admin expenses Interest expenses Other expenses 1 069 056 174 551 263 808 274 752 REQUIRED: (25) QUESTION 1 Compile the Statement of Comprehensive Income for the year ended 31 December 2020. (with 2019 comparative figures) QUESTION 2 (25) Compile the Statement of Financial Position as at 31 December 2020. (with 2019 comparative figures)

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter10: Stockholder's Equity

Section: Chapter Questions

Problem 93.5C

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