Please include steps and explanations Required: Prepare an Income Statement of Company Alfex as at 31 Dec. 2020. a) Writ
Posted: Wed May 04, 2022 4:34 pm
Please include steps and explanations
Required: Prepare an Income Statement of Company Alfex as at 31
Dec. 2020.
a) Write off (in minus) of short-term financial assets 9 000
b) Other costs by nature 4 000
c) Change in inventories of traded goods + 2 000
d) Revenue from sale of building 50 000
e) Income tax 10%
f) Revenue from sale of traded goods 12 000
g) Retained profits from previous years 10 000
h) Accumulated depreciation of building 49 000
i) Historical cost of building 102 000
Required: Prepare an Income Statement of Company Alfex as at 31
Dec. 2020.
a) Write off (in minus) of short-term financial assets 9 000
b) Other costs by nature 4 000
c) Change in inventories of traded goods + 2 000
d) Revenue from sale of building 50 000
e) Income tax 10%
f) Revenue from sale of traded goods 12 000
g) Retained profits from previous years 10 000
h) Accumulated depreciation of building 49 000
i) Historical cost of building 102 000