The following information was obtained from the financial records of Roger Ltd for the year ended 30 June 2020. Prepare the statement of profit or loss for the year ended 30 June 2020.
|Retained earnings 1 July 2019||$90 000|
|Sales revenue from continuing operations for the year||$600 000|
|Finance costs||$20 000|
|Estimated income tax expense for the year ended 30 June 2020||$112 500|
|Interim dividends paid (ordinary shares)||$100 000|
|Write off research and development costs||$5 000|
|Share capital (1 million $2 shares)||$2 000 000|
|Expenses from ordinary activities (excluding finance costs)||$200 000|
- Prepare the statement of profit or loss for the year ended 30 June 2020.
- Prepare statement of changes in equity for the year ended 30 June 2020.
Click on Buy Solution and make payment. All prices shown above are in USD. Payment supported in all currencies. Price shown above includes the solution of all questions mentioned on this page. Please note that our prices are fixed (do not bargain).
After making payment, solution is available instantly.Solution is available either in Word or Excel format unless otherwise specified.
If your question is slightly different from the above question, please contact us at email@example.com with your version of question.