eassy manufacturing company statement of comprehensive income A Week #5: Performance task #4E BF: Module 5: Week #5 - PT#4+A docs.google.com/forms/d/e/1FAlpQLSfWIcPavg1w8IQV7512YYhEYXTGuOSosPGFOMbz5S2Wz4p-IQ/formResponseAUSE THE FOLLOWING INFORMATION FOR THE FOLLOWING REQUIREMENTS.NUMBER FORMAT: 1,000 (NO NEED TO USE PESO SIGN OR LETTER P)EASSY Manufacturing Company presents the following:Statement of Comprehensive IncomeDecember 31, 2018SalesP480,000336,000144,00057,60086,40012,960Cost of salesGross profitOperating expensesIncome before taxesIncome tax (30%)Net incomeP73,440Statement of Financial PositionDecember 31, 2018Current assetsP420,000500,000920,00090,000Non-current assetsTotal assetsCurrent liabilitiesNon-current liabilities250,000Ordinary sharesRetained earningsTotal liabilities and shareholders' equity490,00090,000920,000Additional information:1. Dividends payout is 60%.2. Only current assets and current liabilities are directly related to sales.3. The business expects a 30% increase in sales next year.4. The business is expecting to retain 40% of the earning next year.Expected increase in assetsYour answerSpontaneous increase in current liabilities.Activate WindowsW Allyzah Faith A..docxShow all9:57 PM28°C Haze^모 4) ENG11/8/2021近

The balance sheet shows the financial position whereas, the income statement shows the net income of…

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eassy manufacturing company statement of comprehensive income

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

eassy manufacturing company statement of comprehensive income

A Week #5: Performance task #4
E BF: Module 5: Week #5 - PT#4
+
A docs.google.com/forms/d/e/1FAlpQLSfWIcPavg1w8IQV7512YYhEYXTGuOSosPGFOMbz5S2Wz4p-IQ/formResponse
A
USE THE FOLLOWING INFORMATION FOR THE FOLLOWING REQUIREMENTS.
NUMBER FORMAT: 1,000 (NO NEED TO USE PESO SIGN OR LETTER P)
EASSY Manufacturing Company presents the following:
Statement of Comprehensive Income
December 31, 2018
Sales
P
480,000
336,000
144,000
57,600
86,400
12,960
Cost of sales
Gross profit
Operating expenses
Income before taxes
Income tax (30%)
Net income
P
73,440
Statement of Financial Position
December 31, 2018
Current assets
P
420,000
500,000
920,000
90,000
Non-current assets
Total assets
Current liabilities
Non-current liabilities
250,000
Ordinary shares
Retained earnings
Total liabilities and shareholders' equity
490,000
90,000
920,000
Additional information:
1. Dividends payout is 60%.
2. Only current assets and current liabilities are directly related to sales.
3. The business expects a 30% increase in sales next year.
4. The business is expecting to retain 40% of the earning next year.
Expected increase in assets
Your answer
Spontaneous increase in current liabilities.
Activate Windows
W Allyzah Faith A..docx
Show all
9:57 PM
28°C Haze
^모 4) ENG
11/8/2021
近

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