The following is the accounts found in the trial balance of Mei, Inc., an SME: Lease liabilities - current portion 19,699 Income and other taxes payable 19,901 Selling and Administrative expense 82,110 Financing changes - net 38,304 Dividends Payable 4,042 Current Portion of biological assets - net 4,245 Prepaid Expenses and other current assets 92,043 Investment and advances - net 50,519 Investment in equity and debt instruments 42,126 Biological assets - net of current portion 2,844 Intangible assets - net 277,460 Other noncurrent assets 89,215 Loans payable 184,024 Accounts Payable and accrued expenses 149,764 Other Income (Charges) - net (5,628) Income tax expense 24,468 Current maturities of long-term debt 55,697 Long-term debt - net of current portion 561,918 Cash and Cash equivalents 243,150 Lease liabilities - net of current portion 122,367 Other noncurrent liabilities 47,283 Capital Share 26,630 Share premium 199,451 Retained earnings 221,165 Trade and other receivables - net 129,893 Inventories 118,946 Treasury Shares (109,501) Sales 1,024,943 Cost of Sales 825,748 Property, plant and equipment - net 594,372 Right-of-use-assets - net - Investment Property - net 31,829 Equity in Net Earnings (Losses) of Associates (289) Gain (Loss) on sale of investment 252 Required: Prepare Statement of Comprehensive Income
The following is the accounts found in the
Lease liabilities - current portion 19,699
Income and other taxes payable 19,901
Selling and Administrative expense 82,110
Financing changes - net 38,304
Dividends Payable 4,042
Current Portion of biological assets - net 4,245
Prepaid Expenses and other current assets 92,043
Investment and advances - net 50,519
Investment in equity and debt instruments 42,126
Biological assets - net of current portion 2,844
Intangible assets - net 277,460
Other noncurrent assets 89,215
Loans payable 184,024
Accounts Payable and accrued expenses 149,764
Other Income (Charges) - net (5,628)
Income tax expense 24,468
Current maturities of long-term debt 55,697
Long-term debt - net of current portion 561,918
Cash and Cash equivalents 243,150
Lease liabilities - net of current portion 122,367
Other noncurrent liabilities 47,283
Capital Share 26,630
Share premium 199,451
Trade and other receivables - net 129,893
Inventories 118,946
Treasury Shares (109,501)
Sales 1,024,943
Cost of Sales 825,748
Property, plant and equipment - net 594,372
Right-of-use-assets - net -
Investment Property - net 31,829
Equity in Net Earnings (Losses) of Associates (289)
Gain (Loss) on sale of investment 252
Required:
Prepare Statement of Comprehensive Income
Step by step
Solved in 2 steps with 2 images
