Prepare Profit and Loss statement for the year ended 2008 (along additional information). Prepare notes to the financial statements of all the possible figures. You can use only the figures given in the paper in order to prepare notes to the financial statements. Following is the information for Cherat Cement limited. All the figures are in millions..
Prepare
a. Cash and cash equivalents = $45,000
b. Dividend to
c. Sales revenue = $150,000
d. Finance Cost = $5,000
e. Office supplies = $9,900
f. Salaries expense = $9,000
g. Marketable securities = $6,700
h. Tax expense = 10%
i. Commission Earned = $23,000
j. Stock in trade = $39,000
k. Cost of goods sold = $25,000
l. General and administrative expenses = $15,000
m. Advertizing expenses = $6,500
n. Short term loan = $34,000
o. Dividend given to common stock holders = 0
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