REQUIRED Use the information provided below to prepare the Pro Forma Statement of Comprehensive Income forthe year ended 31 December 2024. The statement must include the gross profit, operating profit, profitbefore tax and profit after tax (8 marks)INFORMATIONThe following figures have been extracted from the Statement of Comprehensive Income of BeckerLimited for the year ended 31 December 2023:RSales 1 600 000Cost of sales 960 000Operating expenses 384 000Interest expense 32 000Additional information1. The sales forecast for the year ended 31 December 2 024 is R2 000 000.2. Becker Limited uses the percentage-of-sales method to prepare its Pro Forma Statement ofComprehensive Income.3. The company has identified cost of sales, operating expenses and interest expense as varying inproportion to sales.4. Company tax is calculated at 27% of the profit before tax.
REQUIRED Use the information provided below to prepare the Pro Forma Statement of Comprehensive Income forthe year ended 31 December 2024. The statement must include the gross profit, operating profit, profitbefore tax and profit after tax (8 marks)INFORMATIONThe following figures have been extracted from the Statement of Comprehensive Income of BeckerLimited for the year ended 31 December 2023:RSales 1 600 000Cost of sales 960 000Operating expenses 384 000Interest expense 32 000Additional information1. The sales forecast for the year ended 31 December 2 024 is R2 000 000.2. Becker Limited uses the percentage-of-sales method to prepare its Pro Forma Statement ofComprehensive Income.3. The company has identified cost of sales, operating expenses and interest expense as varying inproportion to sales.4. Company tax is calculated at 27% of the profit before tax.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:REQUIRED Use the information provided below to prepare the Pro Forma Statement of Comprehensive Income forthe
year ended 31 December 2024. The statement must include the gross profit, operating profit, profitbefore tax and profit
after tax (8 marks)INFORMATIONThe following figures have been extracted from the Statement of Comprehensive
Income of BeckerLimited for the year ended 31 December 2023:RSales 1 600 000Cost of sales 960 000Operating
expenses 384 000Interest expense 32 000Additional information1. The sales forecast for the year ended 31 December 2
024 is R2 000 000.2. Becker Limited uses the percentage-of-sales method to prepare its Pro Forma Statement
ofComprehensive Income.3. The company has identified cost of sales, operating expenses and interest expense as
varying inproportion to sales.4. Company tax is calculated at 27% of the profit before tax.
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