Scribd Logo
Upload

Welcome to Scribd!

  • The Statement of Financial Position of Euston LTD As at

    Uploaded by

    Bube Kachevska
    53 views1 page
    The document provides information from the statement of financial position of Euston Ltd as of December 31, 20X2. It notes an item of plant was sold for a profit of £15,000, which was included in the statement of profit and loss. It also mentions the company declared a final dividend of £50,000 that was approved after the reporting period and paid two weeks later, with no interim dividend. Tax on profits is paid nine months after the reporting period. During the year, there was no interest received but £108,000 in debenture interest paid, with none accrued at the end of 20X1 or 20X2.

    Original Description:

    The Statement of Financial Position of Euston Ltd as At

    Original Title

    The Statement of Financial Position of Euston Ltd as At

    Copyright

    © © All Rights Reserved

    Available Formats

    PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Report this Document
    The document provides information from the statement of financial position of Euston Ltd as of December 31, 20X2. It notes an item of plant was sold for a profit of £15,000, which was included in the statement of profit and loss. It also mentions the company declared a final dividend of £50,000 that was approved after the reporting period and paid two weeks later, with no interim dividend. Tax on profits is paid nine months after the reporting period. During the year, there was no interest received but £108,000 in debenture interest paid, with none accrued at the end of 20X1 or 20X2.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    53 views1 page

    The Statement of Financial Position of Euston LTD As at

    Uploaded by

    Bube Kachevska
    The document provides information from the statement of financial position of Euston Ltd as of December 31, 20X2. It notes an item of plant was sold for a profit of £15,000, which was included in the statement of profit and loss. It also mentions the company declared a final dividend of £50,000 that was approved after the reporting period and paid two weeks later, with no interim dividend. Tax on profits is paid nine months after the reporting period. During the year, there was no interest received but £108,000 in debenture interest paid, with none accrued at the end of 20X1 or 20X2.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 1

    The statement of financial position of Euston Ltd as at

    #8284
    The statement of financial position of Euston Ltd as at 31 December 20X2, with corresponding
    amounts, showed the following:1. Property, plant and equipment includes the following:2. An
    item of plant costing £100,000 with a written-down value of £60,000 was sold at a profit of
    £15,000 during the year. This profit has been included in the statement of profit and loss for the
    year.3. The company declared a final dividend at the end of 20X2 of £50,000 (20X1 - £30,000).
    This was approved by the shareholders one month after the reporting period end and paid two
    weeks after that. No interim dividend was paid during the year.4. Tax on company profits is paid
    nine months after the end of the reporting period.5. During the year ended 31 December 20X2
    there was no interest received but there was debenture interest paid of £108,000. None of the
    debenture interest was accrued at the end of either 20X1 or 20X2.RequiredPrepare a statement
    of cash flows in accordance with IAS 7 for the year 31 December 20X2.View Solution:
    The statement of financial position of Euston Ltd as at

    ANSWER
    http://paperinstant.com/downloads/the-statement-of-financial-position-of-euston-ltd-as-at/

    1/1
    Powered by TCPDF (www.tcpdf.org)

    You might also like