A limited company had the following balances on 1 January 2021. revaluation reserve $20000, retained earnings $142000. Profit for the year ended 31 December 2021 was $105000. The revaluation reserve, $20000, was created two years ago from a revaluation of a property. The same property was revalued on 31 December 2021 with a revaluation loss of $35000. On 1 August 2021 an interim dividend, $40000, was paid. On 31 December 2021 a final dividend, $55000, was proposed. What was the value of retained earnings at 31 December 2021?

An inexperienced bookkeeper calculated a draft profit for the year ended 31 December 2015 of $578 500. He had not acc…

A business makes up its financial statements to 30 April each year. Included in the ledger account balances on 1 May …

The statements of financial position of Goh's business showed the following: 30 June 2014 30 June 2015 net assets $15…

The following information is available. budget actual overheads $60000 $66 000 direct labour 30 000 hours 35 000 hour…

A particular cost is classified as 'semi-variable'. What effect will a 20% reduction in activity have on the unit cost?

A business produces and sells watches. In 2015, 4000 watches were produced and 3600 watches were sold. Other informat…