AA201 sem7 qn2 - Item 1 "Sales of soft drinks, beer and...

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Item 1 "Sales of soft drinks, beer and dairy products" and "Other income" (comprising of Rental Income and Dividend Income) should be separately shown in P/L Item 2 Interim dividend = $0.15 x 280m = $42m Item 3 Dr Share capital 224 Cr Cash 224 Item 5 Correction of error Dr Beginning retained profit 20 Cr Cost of sales 20 (Have a note to disclose the nature and effect of the correction of error) Item 6 Dr Other operating expenses 2 Cr Provision for contingent loss 2 (Have a note to explain the contingencies)
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FAN Limited Profit and Loss Account For the year ended 31 March 2007 Note $'million Revenue 3,605 Cost of sales (2,100) Gross Profit 1,505 Other income 415 Distribution cost (420) Administrative expenses (560) Other operating expenses 4 (152) Finance cost (70) Profit before tax 718 Income tax expense (170) Profit after tax 548 FAN Limited Statement of Changes in Equity For the year ended 31 March 2007 Note $'million $'million $'million $'million Balance at 1 April 2006 520 1,220 1,740
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This note was uploaded on 09/10/2008 for the course ACCT 201 taught by Professor Tany during the Fall '07 term at Nanyang Technological University.

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AA201 sem7 qn2 - Item 1 "Sales of soft drinks, beer and...

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