ou are asked to create the grouped income statement from the below data (its possible that you wont need all the data) production cost 70000 opening inventory of goods 400000 staff wages 50000 third party services 20000 sales 500000 rent income 70000 purchases of inventory 100000 taxes to be paid 16000 ending inventory of goods 200000 income from participation in other companies 200000 damage of building from fire 40000
ou are asked to create the grouped income statement from the below data (its possible that you wont need all the data) production cost 70000 opening inventory of goods 400000 staff wages 50000 third party services 20000 sales 500000 rent income 70000 purchases of inventory 100000 taxes to be paid 16000 ending inventory of goods 200000 income from participation in other companies 200000 damage of building from fire 40000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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You are asked to create the grouped income statement from the below data (its possible that you wont need all the data)
| production cost | 70000 |
| opening inventory of goods | 400000 |
| staff wages | 50000 |
| third party services | 20000 |
| sales | 500000 |
| rent income | 70000 |
| purchases of inventory | 100000 |
| taxes to be paid | 16000 |
| ending inventory of goods | 200000 |
| income from participation in other companies | 200000 |
| damage of building from fire | 40000 |
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