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.
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter15: Financial Statement Analysis
Section: Chapter Questions
Problem 38E: Sundahl Companys income statements for the past 2 years are as follows: Refer to the information for...
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