Spent materials5.000,00Revenue300.000,00Expenses on energy, water, telephone10.000,00Wages Staff80.000,00Depreciation of fixed assets5.000,00Advertisment expenses3.000,00Profits from share disposals2.000,00Losses by disposal of tangible fixed assets500,00Interest expenses1.000,00Purchase commodity120.000,00Interest credit15.000,00Third party fees30.000,00Sales commission revenue6.000,00Dividend income9.000,00losses from the evalutaion on listed shares1.500,00a. 1.1.20X1 inventories were 10,000b. the closing inventorie at 31.12.20X1 was 20,000c. the income tax rate is 30%Prepare the 20X1 Profit and Loss Statement in vertical format, by type

The Vertical Profit and Loss statement is a statement that presents the financial data in the…

Answered: Spent materials 5.000,00

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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Spent materials	5.000,00
Revenue	300.000,00
Expenses on energy, water, telephone	10.000,00
Wages Staff	80.000,00
Depreciation of fixed assets	5.000,00
Advertisment expenses	3.000,00
Profits from share disposals	2.000,00
Losses by disposal of tangible fixed assets	500,00
Interest expenses	1.000,00
Purchase commodity	120.000,00
Interest credit	15.000,00
Third party fees	30.000,00
Sales commission revenue	6.000,00
Dividend income	9.000,00
losses from the evalutaion on listed shares	1.500,00

a. 1.1.20X1 inventories were 10,000
b. the closing inventorie at 31.12.20X1 was 20,000
c. the income tax rate is 30%
Prepare the 20X1 Profit and Loss Statement in vertical format, by type

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