Page 409 - F3 -FA Integrated Workbook STUDENT 2018-19

Answers

Example 1d cont.

Retained earnings

$000 $000
Dividend paid ß 5,000 Balance b/f: (1) 60,500
(1)
Balance c/f: 70,500 Profit after tax (2) 15,000
——— ———
75,500 75,500
——— ———

Key issues

(1)
Ref = normally identified from the statements of financial position.
(2)
Ref = normally identified from the statement of profit or loss.

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