FAC2602 ASSIGNMENT 2 SEMESTER 1 2022

FAC2602 ASSIGNMENT 2 SEMESTER 1 2022. Profit on sale of machinery (Begonia Ltd) (230 000 − 150 000) Machinery (Daisy Ltd) Accumulated Depreciation: (Daisy Ltd) (80 000 * 20% * 9 ) 12 Depreciation (Begonia Ltd) 80 000 12 000 (b) Cost of Sales (Daisy Ltd) [(680 000 + 90 000) * 25 )] 125 Inventory (Begonia Ltd) 154 000 154 000 S - The study-notes marketplace Downloaded by: Masters | Distribution of this document is illegal S - The study-notes marketplace For academic needs contact us on / PART B (a) Consolidated Statement of Profit or Loss & Other Comprehensive Income of the Daisy Ltd Group for the year ended 28 February 2022 R Revenue (5 000 000 + 3 500 000 − 1 000 000) 7 500 000 Cost of Sales (2 000 000 + 1 400 000 − 1 000 000 + 154 000) (2 554 000) Gross Profit 4 946 000 Other Income [480 000 + 350 000 − 80 000 − (5 000 * 4) − 24 000 − 3 000] 703 000 Other expenses [500 000 + 470 000 − 12 000 − (5 000 * 4)] (938 000) Finance Cost (100 000 + 80 000) (180 000) Profit before tax 4 531 000 Income tax expense (806 400 + 532 000) (1 338 400) Profit for the year Other Comprehensive Income for the year 3 192 600 - Total Comprehensive Income for the year 3 192 600 Total comprehensive income attributable to: Owners of the parent (3 192 600 − 265 000) 2 927 600 Non – controlling interest (260 000 + 7 000 − 2 000) 265 000 3 192 600