Direction: Study carefully the following statement of profit and loss of Grandeur Co. for the year ended December 31, 2017 and 2018. Answer the question in each number. Write it in a separate sheet of paper. Particulars 2018 2019 Revenue from operations 60,000,000 75,000,000 Other incomes 1,500,000 1,200,000 Expenses 44,000,000 55,500,000 Questions: 1. What year has higher expenses? By how much? 2. What is the percentage profit or loss of revenue from operations in the succeedingyears? 3-4. What is the net profit on each year? a. 2018- b. 2019- 5. Which year yields a higher profit? Why?
Direction: Study carefully the following statement of profit and loss of Grandeur Co. for the year ended December 31, 2017 and 2018. Answer the question in each number. Write it in a separate sheet of paper. Particulars 2018 2019 Revenue from operations 60,000,000 75,000,000 Other incomes 1,500,000 1,200,000 Expenses 44,000,000 55,500,000 Questions: 1. What year has higher expenses? By how much? 2. What is the percentage profit or loss of revenue from operations in the succeedingyears? 3-4. What is the net profit on each year? a. 2018- b. 2019- 5. Which year yields a higher profit? Why?
Financial Accounting: The Impact on Decision Makers
10th Edition
ISBN:9781305654174
Author:Gary A. Porter, Curtis L. Norton
Publisher:Gary A. Porter, Curtis L. Norton
Chapter1: Accounting As A Form Of Communication
Section: Chapter Questions
Problem 1.10E: Net Income (or Loss) and Retained Earnings The following information is available from the records...
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Question
![Direction: Study carefully the following statement of profit and loss of Grandeur Co.
for the year ended December 31, 2017 and 2018. Answer the question in each number. Write
it in a separate sheet of paper.
Particulars
2018
2019
Revenue from operations
60,000,000
75,000,000
Other incomes
1,500,000
1,200,000
Expenses
44,000,000
55,500,000
Questions:
1. What year has higher expenses? By how much?
2. What is the percentage profit or loss of revenue from operations in the succeedingyears?
3-4. What is the net profit on each year?
a. 2018-
b. 2019-
5. Which year yields a higher profit? Why?](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fcca6548a-fa7a-432c-9fdd-86c10992c2d7%2F08094b2e-1a6b-464d-b83b-84c10a1356fd%2Fx7sj6uq_processed.png&w=3840&q=75)
Transcribed Image Text:Direction: Study carefully the following statement of profit and loss of Grandeur Co.
for the year ended December 31, 2017 and 2018. Answer the question in each number. Write
it in a separate sheet of paper.
Particulars
2018
2019
Revenue from operations
60,000,000
75,000,000
Other incomes
1,500,000
1,200,000
Expenses
44,000,000
55,500,000
Questions:
1. What year has higher expenses? By how much?
2. What is the percentage profit or loss of revenue from operations in the succeedingyears?
3-4. What is the net profit on each year?
a. 2018-
b. 2019-
5. Which year yields a higher profit? Why?
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