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Limited Liability Companies - Questions

Green Meadow Limited had various shares and debentures as of January 31, 2015. Quik Flo Limited manufactures and sells plastic products. Its manufacturing account for the year ended April 30, 2015 shows a production cost of $500,000 and net sales of $600,000. Its income statement for the same period shows a net profit of $100,000.

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100% found this document useful (1 vote)
741 views34 pages

Limited Liability Companies - Questions

Green Meadow Limited had various shares and debentures as of January 31, 2015. Quik Flo Limited manufactures and sells plastic products. Its manufacturing account for the year ended April 30, 2015 shows a production cost of $500,000 and net sales of $600,000. Its income statement for the same period shows a net profit of $100,000.

Uploaded by

Nipuni Perera
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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1 At 1 February 2014, Green Meadow Limited had the following shares and debentures.

See next page.

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Green Meadow Limited
Statement of Financial Position at 31 January 2015
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(b) Prepare the manufacturing account for the year ended 30 April 2015.

Quik Flo Limited


Manufacturing Account for the year ended 30 April 2015

$ $

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(c) Prepare the income statement for the year ended 30 April 2015.

Quik Flo Limited


Income Statement for the year ended 30 April 2015

$ $

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$ $
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Ordinary General Retained Total
share reserve earnings
capital
$ $ $ $

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